$ZEC chart right at the retest and it’s an easy ~20% up.Zcash / TetherUSBINANCE:ZECUSDTcoinpediamarketsZECUSDT on the 4H timeframe is pulling back into a high-probability demand zone after a confirmed bullish shift. After printing a clear CHoCH (change of character), price transitioned from bearish to bullish structure and delivered a strong impulsive move toward the $360 region. That move wasn’t random — it was backed by expansion and strong participation. Now, instead of collapsing, price is doing exactly what you want to see in a healthy trend… pulling back into demand ($316 – $311) This zone has already shown buyer interest, and we’re now revisiting it with momentum cooling — not reversing. At the same time, Bollinger Bands are resetting, with price moving from the upper band back toward the mean, which typically precedes the next expansion phase. Derivatives data is adding confluence here Open Interest is sitting around $600M+, showing strong participation and fresh positions entering the market. Liquidation data shows shorts getting wiped recently, which tells us downside traders are getting trapped — a classic ingredient for upside continuation. Funding rates remain slightly mixed/negative, meaning the market still leans short… and that’s exactly the kind of environment where squeezes happen. So what’s the play? If this demand zone holds, we’re likely looking at a continuation move toward $340 first, and then a potential push into $366 highs. The structure supports it, and the derivatives data confirms there’s fuel behind the move. But keep it real — if price loses the $311 level cleanly, this setup weakens and we could see a deeper liquidity sweep. Right now though… this looks like a textbook pullback in an emerging uptrend, not a breakdown.