ZEC MAY BE BUILDING THE NEXT LEG—BUT SUPPLY HAS NOT BROKEN YET.
$ZEC swept down to $1,041, recovered quickly, and has now closed the latest confirmed H4 candle at $1,178.95 with volume around 1.5× its recent average.
Wyckoff reads the $1,041 reaction as a potential Spring/Secondary Test, while the higher reaction around $1,085–$1,110 may be developing into a Last Point of Support.
SMC supports the recovery: sell-side liquidity was taken, demand was reclaimed, and price is again pressing toward the range high. But bullish confirmation still sits above supply.
Here is the decision map:
🟢 An H4 close above $1,224.53, followed by a successful retest, confirms bullish BOS and exposes $1,257, then the major $1,297.50 high.
🟡 Holding $1,085–$1,110 keeps the re-accumulation thesis alive. Until supply breaks, this remains WATCH—not a confirmed breakout.
🔴 An H4 close below $1,085.26 signals demand failure and puts $1,041 back in play. Losing $1,041 would invalidate the recovery thesis and expose the $996–$960 region.
The trap is buying directly beneath supply because the latest candle looks strong—or shorting a recovery while the LPS candidate still holds.
Smart Money may have completed the liquidity test. Now buyers must prove they can convert recovery into structure.
Which breaks first: $1,224.53 supply or the $1,085 demand floor? 👀
Paper analysis only. Not financial advice.
#ZEC #Wyckoff #SMC