ZEC's current trend warrants caution. Observing the market, it becomes clear that technical indicators are almost completely ineffective here—golden crosses are not necessarily buy signals, and death crosses are not necessarily sell signals, often leading to reverse operations. From the main force's behavior, there were obvious signs of distribution around the 450 level, and it is still gradually declining with ongoing reduction of positions.

From a wave theory perspective, ZEC seems to be in the fourth wave. This means there is still one final upward cycle, but the key lies in the intentions of the big players—they will determine how they push this last wave, the strength, and the timing cycle.

For short-term participants, it is not very necessary to continue expending effort on this coin. A more pragmatic strategy might be to observe the final completion point of the five-wave theory, wait for clear top confirmation, and then consider shorting opportunities. Let the big players complete their plans first, and we can act at relatively certain points—this way, the risk is more controllable.