My base case for $ZEC is a larger fakeout before the real directional move.
The chart is currently compressing inside a macro triangle, and in structures like this the market often sweeps liquidity on both sides before committing to a trend. The current push also feels a bit early for a clean breakout from the falling wedge.
From here I’m watching two possible scenarios:
Bullish case $ZEC
-Price accepts above the 238–240 area
-Structure begins to build above resistance
-Opens the path for a continuation toward 250–270+
Bearish case $ZEC
-This move turns into a bull trap
-Price rotates back inside the wedge
-Liquidity gets swept below the triangle, potentially toward the 170 region
With this kind of compression, the market usually resolves with a sharp expansion. The key signal will be whether price accepts above resistance or gets rejected from it.
