Trading Plan Short $ZBT
$ZBT just lost the 1H EMA21 and is testing the EMA50 from underneath, setting up for a continuation.
Entry: $0.08700-$0.08900
Stoploss: $0.09150
Targets: $0.08400 / $0.07800 / $0.06900
ZBT broke below the 1H EMA21, now retesting it as resistance. Sellers were aggressive last 24h, pushing price down 4.25%. Funding is negative, and retail is heavily short, but smart money is surprisingly long, indicating a potential trap for late shorts. The BB width is expanding, confirming volatility is picking up. Reclaim $0.09150, short voided.
Trade $ZBT here 👇
$ZBT just lost the 1H EMA21 and is testing the EMA50 from underneath, setting up for a continuation.
Entry: $0.08700-$0.08900
Stoploss: $0.09150
Targets: $0.08400 / $0.07800 / $0.06900
ZBT broke below the 1H EMA21, now retesting it as resistance. Sellers were aggressive last 24h, pushing price down 4.25%. Funding is negative, and retail is heavily short, but smart money is surprisingly long, indicating a potential trap for late shorts. The BB width is expanding, confirming volatility is picking up. Reclaim $0.09150, short voided.
Trade $ZBT here 👇