Was anyone actually brave enough to catch that falling knife this morning.

Looking at this $ZEC ‌ chart, that dip toward the bottom was a brutal liquidity grab. It swept everyone's stops before doing a full u-turn.

We’ve managed to climb back up to two hundred and forty two but it’s hitting a major supply zone right now.

The volume on the recovery was solid but the last few candles are starting to look a bit indecisive. If we can’t flip this current level into support, I wouldn’t be surprised to see a pullback to retest the two hundred and twenty areas.

The order book is looking heavily skewed toward the sell side at the moment so the bulls have their work cut out for them.

I'm watching to see if we get a clean breakout or just more sideways chop for the evening.

#BuyTheDipOrWaitNow?