$ZEC swept its lows, then cleared two capped highs in two days. My read is long, but not here. I'm waiting for price to come back and retest the breakout zone. Chasing a vertical move with stretched lower timeframes is how you buy the top. A final shakeout below the prior low came on fading volume, then a breakout candle left an unfilled gap behind it. Why that zone: - The breakout gap, the 4h 200 EMA, the daily 20 EMA and the 12h 50 EMA sit inside one tight band - The two highs that just broke now sit there as support - ICT, Wyckoff, Elliott and divergence all lean long Support from several timeframes in one place is worth waiting for. Divergence view: on both the daily and 12h, price made a lower low while MACD momentum roughly halved and RSI rose. The 1h and 15m show bearish divergence, which I read as the pullback path into my zone, not a reversal. Where I'm wrong: a 4h close below the post-breakout low and the 4h 50 EMA. That breaks the breakout structure and the Elliott wave 1 high at once. Risks: the FOMC decision and the network upgrade land close together. Institutional outflows suggest partly short-covering, so a retrace could run deep. Published by YTIlab · OMNISIGHT REPORT Not investment advice. All decisions and responsibility are your own.
Trader SteveShare

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