ZEC has recently started to weaken again—this coin indeed has a certain degree of independence. When the overall market drops, it sometimes rises instead; when the market surges, it then pulls back.

Some time ago, I suggested entering long positions in the 490-500 range. Later, it rose to 538, just 2 dollars short of the target. At that time, a "Heavenly Needle" pattern appeared on the four-hour chart, which made me start to sense some warning signals. Therefore, I recommended taking profits around 530, and it turned out that 538 was the top of this round of rally. (See Chart 1)

From a Chan theory perspective, ZEC is currently in the first downward move on the daily chart, and the four-hour chart has already formed a complete Chan structure of down-up-down. (Refer to Chart 2) This indicates two possible strategies moving forward:

**Aggressive traders**: If a secondary sell signal appears on the 30-minute chart tonight, consider a light short position. (Chart 3 shows the specific pattern)

**Conservative approach**: I personally prefer to wait until the four-hour rebound move is complete before entering a short position for the second sell—this approach tends to have a higher success rate.

Overall, ZEC is currently in a critical adjustment phase, and mastering the rhythm of Chan theory is very important.