Today's ZBT trend is really interesting. The one-hour chart still looks like it's dropping, but the MACD yellow and white lines have quietly climbed up from below the water, and the death cross is about to turn into a golden cross—does this mean a reversal? Don't rush, Nanxi will break it down for you.
First, let's look at the data:
ZBT current price $0.1456, 24-hour liquidation $7.47 million, short position liquidated $5.25 million, what does this indicate? The bulls and bears are in fierce competition; although the bears are dominant, they have been significantly liquidated. This is when a 'short squeeze' is most likely to occur, suddenly pulling a wave, catching the bears off guard.
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Looking at the technical side:
Both RSI and MFI are in the overbought zone, indicating a strong short-term surge with a demand for a pullback. However, with the MACD golden cross approaching and a surge in four-hour volume, the green bars are rising — this is a typical bullish accumulation signal. So the question arises: is this a trap for the bulls or a real rebound?
Nanxi's solid advice for players (only half is mentioned here, if you want to know more, find Nanxi):
The overall trend of ZBT remains bearish, but there are short-term rebound opportunities. It is recommended that holders reduce their positions in batches near the resistance levels of $0.1904 and $0.2444. If you want to chase a short-term rise, you can try light positions at the lower end of the $0.1454–$0.1904 range, strictly setting stop-loss below $0.141, in and out quickly. If it drops below $0.1454, it may further probe down to $0.1116 or even $0.0725, at which point consider mid to long-term layouts. The current market needs to be cautious of volatility, following the principle of 'do not chase highs at resistance levels, do not be greedy at support levels, exit immediately upon breaking levels', maintaining flexibility and discipline.
Of course, the most stable option is to find Nanxi, after all, you never know when the market will change, when to run, where to set stop-loss and take-profit?
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