$ZBT Update: Bounce Incoming or More Downside?
($ZBT) is currently showing a period of consolidation on the 1H timeframe after a sharp rejection from the $0.000305 level. The price is currently hovering just below the 1H SuperTrend resistance at $0.000259, while the RSI(6) sitting at 32.88 suggests the asset is entering oversold territory and may be due for a relief bounce.
🎯 Trade Setup
EP (Entry): $0.000220 – $0.000235
TP (Targets)
TP1: $0.000260
TP2: $0.000285
TP3: $0.000310+
SL (Stop Loss): $0.000205
Technical support is firmly established at $0.000215, where we've seen previous buying interest. To confirm a trend reversal, ($ZBT) needs a clean hourly close above the $0.000260 resistance to flip the SuperTrend green and clear the path for a liquidity hunt toward the 24h high.
Do you think ($ZBT) will hold this support level, or are we heading for another flush?
Watching this level closely.
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