$ZEC dropped 11.2% in 24h, and the part that stands out is how cleanly it did it: one displacement leg out of the 1250s, no chop, straight below both EMAs. That leg left an order block at 1250-1262, the last up candle before the drop. Price is in deep discount now, so a corrective retrace into 1212-1235 (EMA50 and EMA200) is the likeliest next step. For anyone already long, the cost of a failed bounce here is a sweep of the 1118.8 sell-side pool with no structure underneath. A close back above 1262 is what would void the bearish read. Where do you think the retrace tops out, 1212 or closer to 1235? Reads like this land daily in the group, bio has the way in. #Altcoin Season#