Post
Mike On The Move
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$ZEC is still bleeding lower — the $300 magnet hasn’t gone anywhere.
As long as local structure keeps giving way, price naturally drifts into the $290–$300 liquidity pocket. That zone is the real decision point.
If there’s no meaningful bounce or absorption in that area, the next logical support becomes the 200 SMA around ~$270, where buyers might try to step in.
Context matters here:$ZEC
The 0.618 Fib of the entire $40 → local top impulse sits around $310. For bulls to regain control, price would need a fast, aggressive reaction in that range. Slow acceptance below it keeps the chart heavy.
Fail that, and the path opens toward the 0.786 Fib near ~$200, which becomes the higher-probability statistical draw.
Until proven otherwise, this remains corrective price action inside a broader distribution — patience favors the downside.$ZEC
{future}(ZECUSDT)
As long as local structure keeps giving way, price naturally drifts into the $290–$300 liquidity pocket. That zone is the real decision point.
If there’s no meaningful bounce or absorption in that area, the next logical support becomes the 200 SMA around ~$270, where buyers might try to step in.
Context matters here:$ZEC
The 0.618 Fib of the entire $40 → local top impulse sits around $310. For bulls to regain control, price would need a fast, aggressive reaction in that range. Slow acceptance below it keeps the chart heavy.
Fail that, and the path opens toward the 0.786 Fib near ~$200, which becomes the higher-probability statistical draw.
Until proven otherwise, this remains corrective price action inside a broader distribution — patience favors the downside.$ZEC
{future}(ZECUSDT)
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