Built a spot position in ZEC at the 300 level, currently up 20%. Because the position was relatively heavy, I’ve already taken profits on 80% to lock in gains.

This round of correction saw a low at the 270 level. If it breaks below that, it’s basically done for, and I’ll clear out the rest. Looking at ZEC’s historical trends, every weekly-level retracement basically tests the top area of the previous rally. Once that’s broken, it’s very likely to turn bearish.

Cycles tend to repeat in history, always with a similar rhythm. Every four years is a cycle, and this pattern hasn’t failed so far. Altcoin season will definitely return, it’s just not time yet—I suspect it’ll start to explode in the first half of next year.

But before that, we may have to go through another deep correction. That will be the real bottom-buying opportunity.