ZEC Reaction Update: Clean Tag of 300 and a Violent Bounce

ZEC just delivered the exact reaction we were looking for at the 300 level. I kept the original teal projection on the chart for reference since the broader structure is still playing out, but price moved faster than expected. I anticipated a bit more chop and a slower drift into support, yet ZEC went straight down into the 300 zone and instantly snapped back with a strong, aggressive bounce.

This type of behavior reinforces how significant that 300 level is. Buyers were waiting there with size, and the immediate reversal shows clear demand absorption and a potential shift in short term momentum. Even though the path was steeper than projected, the core idea remains intact: 300 is major support, and the reaction confirms it.

Now we watch to see whether ZEC can build structure above this bounce and start forming higher lows. For now, the key takeaway is simple: the market respected the level perfectly, and the response was far more decisive than expected.