The chart is looking pretty exhausted after that failed attempt to hold the 0.17 level. We’ve just been bleeding out for hours, and the price is sitting right at 0.1228, which is a significant drop of nearly 18%. Looking at the structures, the volume has been tapering off during this slow slide, which usually means the bulls have completely stepped aside. We’re getting dangerously close to the 0.1068 support zone. If that doesn't hold, the next stop is basically where this whole move began around 0.09. Unless we see a massive volume spike to trap these shorts, I don't see a reason to jump in here. It’s a slow bleed until proven otherwise. I’m sitting on my hands for now.
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Is $ZBT about to round-trip back to the start?
The chart is looking pretty exhausted after that failed attempt to hold the 0.17 level. We’ve just been bleeding out for hours, and the price is sitting right at 0.1228, which is a significant drop of nearly 18%.
Looking at the structures, the volume has been tapering off during this slow slide, which usually means the bulls have completely stepped aside. We’re getting dangerously close to the 0.1068 support zone. If that doesn't hold, the next stop is basically where this whole move began around 0.09.
Unless we see a massive volume spike to trap these shorts, I don't see a reason to jump in here. It’s a slow bleed until proven otherwise.
I’m sitting on my hands for now.
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