【$ZEC Signal】Oversold Rebound Play! 1H RSI in Severe Oversold Territory, Early Signs of Main Force Supporting the Market

$ZEC The 1H timeframe just experienced a waterfall decline, with RSI dropping to 29.24 in the severe oversold zone. The price is consolidating around 225-227 with sideways resistance. Although the 4H trend is downward, the current candlestick shows a long lower shadow, and open interest (OI) remains stable without signs of panic selling. This looks more like a leveraged long squeeze rather than main force distribution. There is a strong technical rebound demand on the 1H timeframe.

🎯Direction: Long (Long)

🎯Entry/Order: 226.50 - 227.50 (Gradually around the current price)

🛑Stop Loss: 223.50 (Break below the previous low of 224.02 to confirm continued decline)

🚀Target 1: 232.50 (1H EMA20 resistance)

🚀Target 2: 238.00 (Lower boundary of the 4H downtrend platform)

🛡️Trade Management:

- Position suggestion: Light position (Reason: The 4H trend remains bearish. This is a counter-trend rebound play with higher risk)

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price. If the price cannot effectively break above 230 and falls back into the entry zone, consider breakeven or small loss exit.

Deep logic: Market depth data shows buy-side depth (bid_ask_ratio_depth=1.15) slightly stronger than sell-side. After the sharp decline, the price did not fall further, indicating funds are absorbing around 225. Negative funding rate (-0.0463%) may trigger short covering rebounds. The key is whether the 1H timeframe can form a bottom pattern and break above 230 with volume.

Check real-time quotes 👇 $ZEC

---

Follow me: Get more real-time analysis and insights on the crypto market!

‍#我在Gate广场过新年 #当前行情抄底还是观望？ $BTC $ETH $SOL