Recently, I've been watching ZEC's trend and noticed some interesting details. Yesterday, the price range of 530-540 saw about 7,000U worth of orders executed. From the current technical perspective, there is a high likelihood of further movement here, and the probability of another upward surge is not low.

What’s particularly worth cautioning is that the liquidation prices below 600 are still quite concentrated. Especially the liquidation prices of large traders and main players, which are heavily clustered in the narrow range of 550-580. Once the price continues to rise and triggers these liquidation points, chain liquidations can easily cause a rapid spike in the market, and such spikes are often quick and fierce.

Although ZEC’s market cap is still decent, I estimate that this spike probably won’t be particularly exaggerated, with around 10% being a reasonable expectation. If you are currently trading with high leverage, you must pay close attention to this risk. For medium- to long-term holdings, it’s advisable to set the liquidation price around 800 for more peace of mind.

My own trading approach is as follows: once the price breaks through 550, I will stop adding short positions; if it continues to rise to 600, I will also pause other positions accordingly. My margin status is still okay for now, and I might consider using grid trading to gradually add positions. But if your margin isn’t very ample, don’t rush to add more—first, raise the liquidation price to around 800, and if necessary, keep it above 700. Margin management is always more important than chasing profits.

Overall, the current macro environment is still waiting for Bitcoin’s next move next month, and ZEC is just following the fluctuations. There’s no need to rush; focus on solid risk control, and leave the rest to time for validation.