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Mike On The Move
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$ZEC Time for ZEC to prove whether this bounce has real strength behind it.
We got the reaction from the $470–$480 liquidity zone, and that bounce has now established the current MTF swing pivot.
For the bullish structure to develop, I want to see $ZEC hold a higher low above $480 and then reclaim $510. That would give me a cleaner long setup with better confirmation that the move isn't just another relief bounce.
The bearish scenario is straightforward.
If $ZEC loses the $470–$480 region, we'd have a significant break of structure across multiple timeframes, suggesting the macro swing pivot hasn't formed yet.
In that case, I’d expect the flush to extend toward the $450 region before the market can attempt to establish a stronger base.
We got the reaction from the $470–$480 liquidity zone, and that bounce has now established the current MTF swing pivot.
For the bullish structure to develop, I want to see $ZEC hold a higher low above $480 and then reclaim $510. That would give me a cleaner long setup with better confirmation that the move isn't just another relief bounce.
The bearish scenario is straightforward.
If $ZEC loses the $470–$480 region, we'd have a significant break of structure across multiple timeframes, suggesting the macro swing pivot hasn't formed yet.
In that case, I’d expect the flush to extend toward the $450 region before the market can attempt to establish a stronger base.