ZEC is currently in the third wave (C3) of the downward cycle of Wave C. The previous sub-wave C3-1 has completed its decline to the 422 level, followed by the initiation of a C3-2 rebound. This ABC correction in the rebound is expected to reach the 430-433 range, forming a clear resistance zone.

From the naked K-line chart, after the upward trend ends, we anticipate that the C3-3 sub-wave will begin a downward move, with the target support around 380. The current bearish strategy is to add positions gradually at the rebound highs and to enter precisely when trend reversal signals appear. In this wave framework, 430-433 is a critical testing level; whether it is broken or not will directly affect the subsequent downward space. Keep a close eye on the performance in this price area.