New era. Same vision. ๐ Iโm focusing on the intersection of Web3 and clean design this year. If you're into $SOL, high-end branding, or just good vibes, drop a 'hi' so I can find my tribe again. ๐ฅ
@getkinesis Never leaving a giveaway unattended especially when it's kinesis
Its the 29th time I'll comment under a @getkinesis giveaway
Let's test my luck shall we
DC: Sakorah
$ZEC
ZEC is now pushing into a very important area structurally.
Price is still trading within the same downward channel that has controlled the corrective phase for the last few weeks, while continuing to set lower highs into channel resistance.
At the same time, weโve now had multiple attempts at reclaiming the $540 macro resistance, and so far every single one has been rejected.
So while this current move is presenting a potential compound breakout through both the downtrend resistance and the macro resistance intersection, the chart is still technically operating under a lower high structure.
And thatโs important specifically because of how many Type 2 distributions ZEC has already produced throughout this corrective phase.
Weโve repeatedly seen price briefly reclaim key resistance levels, trigger breakout confirmation, force late longs into the move, and then immediately roll over into another lower high continuation.
Thatโs why, for me, the real confirmation is not just reclaiming the macro resistance.
It will be whether ZEC can actually close above a prior lower high pivot and begin invalidating the corrective structure.
Until at least the $560 lower high pivot is reclaimed, Iโm staying cautious about treating this anything more than a relief rally following the liquidity draw from our $484 level.