🔥 $ZEREBRO just punched straight through the moving averages with a huge 15m bullish candle, on 30x volume. It closed at 0.041577, with RSI surging to 81.5 and CCI hitting 201—textbook extreme overbought. 😤
Looks intimidating, but I’m not chasing it. ✋
The strategy criteria are 5/7 met, but the remaining three are deal-breakers: 1h/4h are still seeing bearish rebounds, and although the 1d trend is bullish, price is drifting way too far—+32.75%—from the moving-average cluster.
On top of that, BTC and ETH are both leaning bearish, so altcoin longs are off the table. 🚫
I have one rule: if a pullback holds above the top of the moving-average cluster at 0.031321, and the 1h chart stabilizes, then I’ll consider going long. After a close this far up, some consolidation would be healthy. 👀
The next 15m candle is the decider: a bearish engulfing candle that wipes out the previous gain would be a bull trap. A low-volume pullback that holds at the moving-average cluster would be more promising.
Would you chase or wait? 🤔
⚠️ Technical analysis is for reference only and does not constitute investment advice.
#ZEREBRO $ZEREBRO
Looks intimidating, but I’m not chasing it. ✋
The strategy criteria are 5/7 met, but the remaining three are deal-breakers: 1h/4h are still seeing bearish rebounds, and although the 1d trend is bullish, price is drifting way too far—+32.75%—from the moving-average cluster.
On top of that, BTC and ETH are both leaning bearish, so altcoin longs are off the table. 🚫
I have one rule: if a pullback holds above the top of the moving-average cluster at 0.031321, and the 1h chart stabilizes, then I’ll consider going long. After a close this far up, some consolidation would be healthy. 👀
The next 15m candle is the decider: a bearish engulfing candle that wipes out the previous gain would be a bull trap. A low-volume pullback that holds at the moving-average cluster would be more promising.
Would you chase or wait? 🤔
⚠️ Technical analysis is for reference only and does not constitute investment advice.
#ZEREBRO $ZEREBRO