zec long or short?
Post
Mike On The Move
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$ZEC is still capped under the daily 200 SMA after rejecting cleanly from that dynamic resistance and the previous supply sitting around the 290–300 area. That reaction keeps the current move looking like a corrective bounce rather than a full trend shift.
While price continues to trade below the daily 200, structure leans toward continuation of the broader pullback. The next strong confluence zone rests near 171, where the macro 0.382 Fibonacci level aligns with the rising trend support.$ZEC
If buyers manage to reclaim the daily 200 with convincing closes and expanding volume, the downside narrative starts to fade. Until that happens, correction remains the dominant bias, and a true macro reversal only becomes valid above 404.57 with strong acceptance.
While price continues to trade below the daily 200, structure leans toward continuation of the broader pullback. The next strong confluence zone rests near 171, where the macro 0.382 Fibonacci level aligns with the rising trend support.$ZEC
If buyers manage to reclaim the daily 200 with convincing closes and expanding volume, the downside narrative starts to fade. Until that happens, correction remains the dominant bias, and a true macro reversal only becomes valid above 404.57 with strong acceptance.
