ZECUSDT ZEC has completed a healthy correction after its previous impulsive rally and is now approaching an important decision area.

• The recent pullback has reached the 0.618 Fibonacci retracement, which is one of the strongest correction levels in Price Action trading. At the same time, price has returned to a previous support zone, creating a technical confluence.
  
  
• More importantly, buyers are beginning to react.
  
  
• The recent candles show early bullish Price Action, suggesting that demand is returning around this support area. While this is not yet a confirmation of a new trend, it is an important signal that the correction may be losing momentum.
  
  
• If buyers continue to defend this zone, the recent breakout could turn into a successful pullback, allowing the previous uptrend to resume.
  
  
• For now, my focus remains on the support around 489.5.
  
  
• As long as price holds above this area, the probability of another bullish leg remains favorable. However, a breakdown below support would invalidate the current bullish scenario and increase the probability of a deeper correction.
  

Key technical factors:

• ✅ Pullback into a previous support zone
  
• ✅ 0.618 Fibonacci retracement
  
• ✅ Early bullish Price Action
  
• ✅ Potential continuation of the higher-timeframe uptrend
  

As always, I prefer waiting for market confirmation rather than anticipating the next move.

What do you think? Is this the beginning of the next bullish wave, or just another temporary bounce?