Following a massive ~400% surge off the lows, I'm eyeing lower-high setups rather than banking on another run at the highs.
$ZEC just lost its first daily swing low since the $400s, and the ZEC/BTC pair is breaking support across multiple timeframes.
If $BTC pushes higher, ZEC might pull off a relief bounce back into the $1,420–$1,500 supply zone to print a lower high. From there, I expect a continuation down toward the $1,100–$1,200 liquidity pocket.
However, if $BTC breakdown occurs first,$ZEC could bypass the bounce altogether and drop straight into that $1.1k–$1.2k target. 👀
$ZEC
#FedMinutesFocusOnOctoberPause #USMortgageRatesRiseTo7.49%
$ZEC just lost its first daily swing low since the $400s, and the ZEC/BTC pair is breaking support across multiple timeframes.
If $BTC pushes higher, ZEC might pull off a relief bounce back into the $1,420–$1,500 supply zone to print a lower high. From there, I expect a continuation down toward the $1,100–$1,200 liquidity pocket.
However, if $BTC breakdown occurs first,$ZEC could bypass the bounce altogether and drop straight into that $1.1k–$1.2k target. 👀
$ZEC
#FedMinutesFocusOnOctoberPause #USMortgageRatesRiseTo7.49%
