$ZEC I remain bullish for now, but the core premise is to hold the $540 level.

$540 is the current key watershed. As long as the buy-side can hold firm here, I think there’s a high chance that the next move will be to test the $620 resistance. $620 is the last major checkpoint left from the May structure—if it can be broken through strongly, the broader downtrend will be invalidated, opening up further upside. It could even look directly toward levels above $700.

However, also watch the risks: if $540 breaks down, or if the attempt to push through $620 fails, then the higher-timeframe bearish trend is still intact, and sellers may take back control of the market. In the short term, focus on how $540 holds as support—don’t chase too aggressively.