$ZEREBRO Can we continue positioning for a long here?
Looking at the short-term chart, around 0.048 is currently an important support zone. However, repeated long wicks show that the bulls and bears are locked in a fierce battle, and market positions have not yet fully stabilized.
Looking at the fund flows, a considerable portion of the buying below may currently be coming from retail investors buying the dip. The fact that the price has temporarily stabilized does not mean that major players have started actively pushing it higher.
Instead, pay attention to how concentrated short positions are: when short positions build up and liquidation levels cluster, a sharp move higher on increased volume could trigger short stop-losses and further amplify short-term gains.
Hao believes the short-term approach should still be to go long on pullbacks. Aggressive traders can open a long position at the current price, with the daily-chart resistance near 0.055 as a reference target.
$AKE #ZEREBRO
Looking at the short-term chart, around 0.048 is currently an important support zone. However, repeated long wicks show that the bulls and bears are locked in a fierce battle, and market positions have not yet fully stabilized.
Looking at the fund flows, a considerable portion of the buying below may currently be coming from retail investors buying the dip. The fact that the price has temporarily stabilized does not mean that major players have started actively pushing it higher.
Instead, pay attention to how concentrated short positions are: when short positions build up and liquidation levels cluster, a sharp move higher on increased volume could trigger short stop-losses and further amplify short-term gains.
Hao believes the short-term approach should still be to go long on pullbacks. Aggressive traders can open a long position at the current price, with the daily-chart resistance near 0.055 as a reference target.
$AKE #ZEREBRO