$ZEC listen carefull, open big long now and buy Ferrari later with James
entry 905-860
long $ZEC 👇
$ZEC is now entering the latter stages of the macro roadmap I outlined roughly a month ago.
The move into our highlighted range has accelerated significantly, with no meaningful relief rally along the way, largely reflecting the weakness across $BTC and the broader market over the past week.
Another development I’m watching closely is its gradual approach toward the macro trendline that has supported every major pullback since the February lows around $180. This is an important technical area that could play a significant role in determining the next phase of price action.
My broader expectation remains unchanged.
I still anticipate some form of relief bounce from the liquidity sitting within this range before ZEC potentially moves lower to hunt the liquidity beneath its previous all-time high, where the market may finally find an opportunity to stabilise.
From there, we can reassess what the remainder of the year has in store.
Naturally, sentiment around Zcash has become increasingly bearish. However, a sweep below the previous ATH liquidity would represent approximately a 60% correction. While that scenario seemed relatively unlikely when I first outlined it, it remains entirely consistent with the historical corrections we’ve witnessed following previous euphoric market tops.
In other words, this shouldn’t come as a major surprise.
On my side, I’ve started DCA’ing into spot positions today as a hedge against my existing shorts from $1,420.
I’ll continue reassessing potential accumulation zones as price develops. There is no need to rush the process when the broader macro structure is still unfolding.
Patience and positioning matter more than trying to catch the exact bottom.
entry 905-860
long $ZEC 👇
$ZEC is now entering the latter stages of the macro roadmap I outlined roughly a month ago.
The move into our highlighted range has accelerated significantly, with no meaningful relief rally along the way, largely reflecting the weakness across $BTC and the broader market over the past week.
Another development I’m watching closely is its gradual approach toward the macro trendline that has supported every major pullback since the February lows around $180. This is an important technical area that could play a significant role in determining the next phase of price action.
My broader expectation remains unchanged.
I still anticipate some form of relief bounce from the liquidity sitting within this range before ZEC potentially moves lower to hunt the liquidity beneath its previous all-time high, where the market may finally find an opportunity to stabilise.
From there, we can reassess what the remainder of the year has in store.
Naturally, sentiment around Zcash has become increasingly bearish. However, a sweep below the previous ATH liquidity would represent approximately a 60% correction. While that scenario seemed relatively unlikely when I first outlined it, it remains entirely consistent with the historical corrections we’ve witnessed following previous euphoric market tops.
In other words, this shouldn’t come as a major surprise.
On my side, I’ve started DCA’ing into spot positions today as a hedge against my existing shorts from $1,420.
I’ll continue reassessing potential accumulation zones as price develops. There is no need to rush the process when the broader macro structure is still unfolding.
Patience and positioning matter more than trying to catch the exact bottom.
