🐳 $ZEREBRO Quick capital flow update:
Trading volume was 85.1 times the 20-day average → a large number of shares changed hands near the 60-day high.
The high-volume breakout above the previous high of 0.04795 can commonly be interpreted in two ways: buyers actively absorbed the selling pressure at the previous high (bullish), or major holders used the breakout to sell (bearish). To tell which, watch whether the price can hold above the previous high.
At the current price of 0.04334, it has yet to hold above the previous high, making the latter scenario increasingly likely.
#ZEREBRO
Trading volume was 85.1 times the 20-day average → a large number of shares changed hands near the 60-day high.
The high-volume breakout above the previous high of 0.04795 can commonly be interpreted in two ways: buyers actively absorbed the selling pressure at the previous high (bullish), or major holders used the breakout to sell (bearish). To tell which, watch whether the price can hold above the previous high.
At the current price of 0.04334, it has yet to hold above the previous high, making the latter scenario increasingly likely.
#ZEREBRO