$ZEC could still rally from here, form another lower high, and then lose the critical $1,100 support.
That would complete a macro head-and-shoulders pattern, potentially opening the door to a deeper liquidity sweep into the $780–$950 zone — an area I’d watch closely for a possible macro bottom.
We’ve already seen price sweep liquidity into the previous range, giving buyers a chance to build a base. But if another rally fails and $1,100 breaks, I wouldn’t expect a shallow correction.$ZEC
The key level is clear: $1,100 is the support bulls need to defend.
As long as it holds, I still believe there’s a strong chance the worst is behind us. But a break below it could change the bigger picture significantly.
That would complete a macro head-and-shoulders pattern, potentially opening the door to a deeper liquidity sweep into the $780–$950 zone — an area I’d watch closely for a possible macro bottom.
We’ve already seen price sweep liquidity into the previous range, giving buyers a chance to build a base. But if another rally fails and $1,100 breaks, I wouldn’t expect a shallow correction.$ZEC
The key level is clear: $1,100 is the support bulls need to defend.
As long as it holds, I still believe there’s a strong chance the worst is behind us. But a break below it could change the bigger picture significantly.