ZEC (Zcash) recent trend observation - as of December 3rd, early morning.

The current price is hovering around 360, and to be honest, this position is quite awkward. On the technical side, there are some signs of a rebound: a bullish engulfing pattern has appeared in the short term, combined with a moving average breakout, and momentum is indeed recovering. But the problem is, you need to look at a larger time frame — from the peak of 427.8, it has plummeted all the way down to the long bearish line at 343.9, and overall it is still lingering at a low position.

The MACD shows a bit of a rebound impulse in the short term, but what about the long-term trend? To be honest, it leans weak. The EMA moving average system indicates insufficient strength for a short-term rebound, and the medium to long-term outlook remains bearish. Therefore, I personally tend to continue with a bearish perspective, and shorting at highs may be more prudent.

**Key Position Reference:**
- Bulls focus: 360 is the first line of defense. If it breaks, consider adding positions at 350, set a stop loss at 345, and aim for a rebound at 390.
- Short strategy: You can try to short around 380, add to the position at 390, set the stop loss at 395, and aim for a pullback to 360.

Just a reminder: this is only a personal observation based on current market data and price trends, and does not constitute investment advice. The cryptocurrency market is highly volatile, so please manage your risk and operate according to your own risk tolerance. I wish everyone finds their own rhythm in this fluctuating market.

*The content is time-sensitive and for reference only; profits and losses are at your own risk.*