$ZEC is trying to avoid a deeper breakdown by consolidating above the 500 liquidity pivot.
That level was my downside target after losing 520, which is why I opened a low-leverage short as a hedge while keeping my long from 425.
So far, there are early signs ZEC could be forming a macro higher low, although I still think a move below 500 is possible before a stronger recovery.
A reclaim of 530 would shift the chart back to neutral, while a break above 550 would invalidate the current bearish ...