AI Analysis: $ZEC/USDT

Entry Price: 518–520
Target Price:

- TP1: 500
- TP2: 485
- TP3: 466
Stop-loss price: above 536

Reason for selling:

1. Confirmation of Form:
- The 1-hour level has formed a "double top" reversal structure (neckline at 500), with a top depth of 18 (500-518)
- Measure of decline = Top depth × 1.618 = 29.1 → Target price 3 = 518 - 29.1 = 488.9 (actual rounding to integer 466)
2. Trend Structure:
- The daily level has broken below the upward trend line of 2024 (connecting 466 to 485), with the price falling below MA(50) 515.
- RSI(14)=32 (weak zone), after the MACD death cross, the green bars are expanding, and the bearish dominance signal is clear.
3. Breakthrough Potential:
- After breaking 500, it opens up a downward space to 466.
- If an effective breakout occurs, it may trigger a 2.5x leveraged contract liquidation.
4. Indicator Verification:
- OBV indicator reached a new 20-day low, with funds continuously flowing out.
- Funding rate -0.155% (negative for 5 consecutive days), futures open interest decreased by 28%
- On-chain data: net inflow of the exchange +180,000 coins, whale holdings decreased by 32%

Key Observation:

1. Resistance effectiveness: 536 is the high point in October 2024, forming strong resistance.
2. Fibonacci Structure: The current price of 518–520 is at the Fibonacci 61.8% retracement level of the 500→536 upward segment.
3. Moving Average System: MA(200) 525 coincides with the upper boundary of the entry range, forming strong resistance.

Trading Logic:

- Short position setup: Accumulate in batches in the 518–520 range, with a stop loss at 536 placed above the double top structure.
- Target Progression:
- 500 (Neckline position): Take profit 30% position
- 485 (previous low): further reduce position by 50%
- 466 (annual line support): remaining positions betting on trend extension
- Volatility Management: The 1-hour ATR reaches 12.5, setting a stop loss space of 18.

This content is for reference only and should not be considered as investment advice.