2024-02-27 14:30:00 Right now ZBT has broken through 0.0923 again. After a 24-hour surge, it then crashed 12%—this bearish candle directly swallowed three days of gains. Just now, those who chased longs at 0.1071 are now down about 15% per person; don’t misread it. Ten minutes ago it wicked down to 0.0920—it's only one point away from the historical support.



Scenario planning begins. If you’re currently in cash and have no position, the best move is to act as a bystander—this coin’s volatility has exploded, but the direction is unclear: today the main force’s wash-trading tactics are extremely dirty. It first pumps to 0.1071 to trigger short entries, then drops back to 0.0920 to trigger long entries—no matter which side you stand on, you can get double-killed. But if you really have a position, pay attention: the current area around 0.0923 is a weekly-level watershed. If 0.0900 breaks, you’ll immediately see 0.0820 below—make sure your stop-loss line is set properly. If it can hold 0.0920 and rebound back up to 0.0960 with volume, then today becomes a false breakdown. For the short term, you can try a long with a small position size, and take profit around 0.1000.

My own strategy is to wait to buy spot near 0.0900 and place limit orders to enter—if it doesn’t get there, I won’t buy. Leveraged traders, never gamble right now. The 24-hour trading volume is only $23.8M, and the signs of the main force controlling the market are too heavy. Today’s move is a typical “wash out floating bids first, then choose direction.” Watch the 5-minute chart: from 0.0920 to 0.0923 there’s a dense wave of bottom-fishing orders. If it gets broken through, panic selling will flood out.

Countdown starts: there are 13.5 hours left until the 4:00 AM close. During this period, if 0.0920 breaks again, it will trigger a chain of stop-losses. If you guessed the direction right, hit like. If you guessed wrong, curse me in the comments. I’m an old greenhorn, professional at catching falling knives for 20 years—follow me, and I’ll give you a live stream of the breakdown every day.
ZBT1.84%
View Original
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned