ZEC saw an aggressive downside move with a liquidity sweep into the 411–412 zone, stops were cleared below prior intraday support and volume expanded, indicating a short-term capitulation event after failed continuation above 420.
After the flush, price rebounded modestly and is now compressing below declining moving averages, structure has reset into a lower range, selling pressure has slowed but demand remains defensive rather than proactive.
Trade Setup Cautious long only if the post-liquidation base holds.
Entry Zone 412–415 (liquidation low and early stabilization area)
Take Profit Targets TP1 421 (range midpoint) TP2 428 (MA99 and mean reversion) TP3 438 (prior supply and breakdown zone)
Stop Loss Below 408 (acceptance below liquidation low, bearish continuation)
ENJ printed a downside liquidity sweep into 0.02647, stops were cleared below the prior range and sell pressure peaked, the long lower wick reflects short-term capitulation and forced exits.
Post-flush, price compressed into a narrow base below declining moving averages, structure has reset but remains neutral to weak, stabilization is visible yet demand is still selective and reactive.
Trade Setup Range-based long only after confirmation of base support.
Entry Zone 0.02640–0.02655 (post-liquidation demand area)
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