🎯 $ZBT cho signal weakens after recent peak 🎯
Entry Zone: 0.1526- 0.1620
Stop Loss: 0.1680
Take Profit Targets:
∙ TP1: 0.1420
∙ TP2: 0.1360
∙ TP3: 0.1290
🔥 Bearish reasons:
The price has rejected the peak area of 0.1679 and started to form a lower high structure with MA(7) just crossing down below MA(25). This pattern indicates that momentum is shifting from bullish to bearish with consecutive red candles appearing after the previous strong rally.
Volume has significantly decreased compared to the growth phase, indicating a lack of buying strength. The sell ratio stands at 64.61%, dominating over the buy ratio of 35.39%, reflecting market sentiment leaning towards the sellers. If the price tests the resistance area of 0.1485-0.1500 and fails to break through, it will be a safe short point with expectations of continuing the downtrend towards lower supports.
