$ZEC completed a full round-trip from the $1,700 highs back into its mid-September breakout origin between $1,100 and $1,160.
This multi-week demand shelf previously absorbed heavy selling before launching the vertical push to new highs. The 4H candle just swept $1,114 liquidity and produced a sharp hammer reaction,
signaling seller exhaustion. I opened a light starter long here to play the mean reversion wave back toward macro range value.
Execution parameters:
- Bid Zone: $1,120 - $1,150
- Take Profit 1: $1,320 (mid-range breakdown pivot)
- Take Profit 2: $1,500 (overhead consolidation supply)
- Hard Invalidation Stop: $1,070 (a 4H candle close below $1,070 breaks the structure, cut immediately with no bagholding)
This multi-week demand shelf previously absorbed heavy selling before launching the vertical push to new highs. The 4H candle just swept $1,114 liquidity and produced a sharp hammer reaction,
signaling seller exhaustion. I opened a light starter long here to play the mean reversion wave back toward macro range value.
Execution parameters:
- Bid Zone: $1,120 - $1,150
- Take Profit 1: $1,320 (mid-range breakdown pivot)
- Take Profit 2: $1,500 (overhead consolidation supply)
- Hard Invalidation Stop: $1,070 (a 4H candle close below $1,070 breaks the structure, cut immediately with no bagholding)