ZBT(ZEROBASE)today performed remarkably, with a single-day increase of 28.46% and a trading volume approaching 700 million. Such market activity naturally sparks heated discussions. Many are asking: Is it still possible to chase? Will chasing in now turn you into the last one to take the bait?
From the market data, short positions were liquidated for 1.32 million USD, while long positions were only liquidated for 620,000 USD — indicating a clear dominance of the bulls. But what is the real story behind this? Is it simply a "bull market initiation"? Or is there something else at play?
**Technical Outlook: Bullish signals vs. Overbought pressure**
On the four-hour chart, the MACD yellow and white lines are steadily crossing above the zero line, a textbook golden cross signal, typically indicating a substantial rebound. Having emerged from a death cross previously, there is indeed some potential.
But the issue is — RSI and MFI are both in overbought territory. Overbought conditions don’t necessarily mean an immediate decline, but like a stretched rubber band, the risk of a pullback always exists. Meanwhile, the surge in trading volume suggests significant capital involvement, but the key is to understand: Are these funds "building a bottom" or "pushing up to distribute"?
**Psychological battles at key levels**
From a technical standpoint, resistance is at 0.126, and the current price of 0.1205 is already close to this threshold. Looking downward, the support at 0.090 is a strong recent support level, and further down, 0.0725 acts as a rebound support. These levels are like "lines of defense" in trading — they require close attention.
For those chasing in, 0.090 is a critical level — if the price can hold here, there’s still a chance for further gains. But if it breaks below, a reassessment is necessary. Currently, the price has moved away from this safe zone, and risk and opportunity often come hand in hand.
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StableBoi
· 31m ago
A 28% increase, the bears got wiped out badly. Is this really sustainable or are we just harvesting more retail investors?
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RSI is already overbought, yet some still dare to chase. The tension is so tight that a rebound is inevitable. Feel sorry for the brothers who are buying in later.
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If it can't break the 0.090 resistance level, forget about it. Currently chasing in feels like gambling.
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Is the big money building a bottom or pushing up to distribute? That's the core issue. It seems no one really understands what's going on.
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With the 0.126 resistance level so close, whether it can break through depends on this wave. Let's wait and see.
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The trading volume surged dramatically, which looks scary. But who knows if it's just a trap set by the big players?
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The golden cross signal is good, but overbought signals are even more dangerous. This buy-sell situation is quite risky.
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I'm too afraid to touch it; it's too far from the safe zone. The risk is really high.
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Shorts have been liquidated for 1.32 million, while longs only for 620,000. This data is quite interesting.
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Entering now is just gambling on whether it can rise further, but the tension has already been stretched to the limit, brothers.
View OriginalReply0
PoetryOnChain
· 10h ago
A 28-point surge with such a strong increase, short positions liquidated for 1.32 million, it feels like someone is secretly dumping the market.
RSI is already overbought but still bouncing upward, the elastic band is stretched to the limit, eventually it has to rebound.
If the 0.090 level can't hold, we will have to admit defeat and change our approach.
Whether we can profit from this move entirely depends on how the key resistance level at 0.126 performs.
Those chasing now are either big players cutting the leeks or gamblers with a reckless mindset; there is no third possibility.
View OriginalReply0
ZeroRushCaptain
· 10h ago
It's the same old trick again. A 28% increase makes me want to charge forward, but I also chased at 0.126 last time, only to see it cut in half to 0.065. Now, with RSI overbought, do you want to repeat the same mistake? I'm not chasing anymore; my debit card can't handle the stress.
View OriginalReply0
RunWithRugs
· 10h ago
A 28% increase, I just want to know who is taking the high position to buy in
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MACD golden cross is good, but RSI is already in overbought territory. How to chase this wave?
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Short position liquidation of 1.32 million, sounds impressive, but is it really a bullish start, or just a pump and dump? Who knows best?
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0.090 can't hold, it's a joke. Those chasing now are just gambling.
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Trading volume of 700 million? Did big funds come in, or are retail investors just stepping on each other?
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Approaching 0.126, this must be the signal I want to exit. Feeling more and more tense.
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A 26% increase is basically a trap to lure more buyers. I'll wait until 0.090 to see.
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The resistance level is so close, the risk is indeed high. Those chasing now are all brave warriors.
View OriginalReply0
GasFeeCrier
· 10h ago
28% increase, the bears got crushed, but this RSI has been overbought to the sky for a long time... You really need to think carefully before chasing in.
View OriginalReply0
SchrodingersFOMO
· 10h ago
Thinking of running at 28 points? Wait for the explosion, 0.09 is the real position.
View OriginalReply0
SatoshiLeftOnRead
· 10h ago
28% gain is a bit crazy. If you buy in at high levels this time, it’s really uncomfortable.
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RSI is already overbought. Still chasing? The rubber band is stretched too tight; it will snap back sooner or later.
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0.090 is the real position. Buying in now is just gambling that the market makers will continue to push up.
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Shorts have exploded with over 1.32 million shorts, but only 620,000 longs. This data looks a bit strange.
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MACD golden cross is a bullish signal, but overbought is overbought. The two signals are conflicting.
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Is big money building a bottom or distributing? The key is this point. If you can’t figure it out, no one dares to chase.
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0.126 has directly hit the resistance level. The potential for further upside is limited.
View OriginalReply0
LiquidationWatcher
· 10h ago
28 points just to want to get on board? I think it's risky, RSI is already overbought, the elastic band is stretched too tight and will eventually snap.
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0.090 is the real entry point, chasing now is just catching the last wave.
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Shorts with over 1.32 million contracts but only 620,000? What does this data indicate? Feels like someone is throwing smoke screens.
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Golden cross is just a golden cross, overbought is just overbought, this job is not easy, everyone.
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Wait for it to break 0.090, then it's not too late to speak.
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Raising prices for distribution or building a bottom, this is a really tricky question, anyway I’m not chasing anymore.
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The 700 million trading volume looks intimidating, but who knows if it's real money or wash trading.
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Is the resistance level at 0.126 close? That’s a sign of a rebound, or maybe just a trap to deceive the bulls.
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Forget it, I’ll just watch the show from the sidelines this time, too exciting and bad for health.
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Staying away from the safe zone is the same as staying away from profits, the Chinese words are used perfectly here.
ZBT(ZEROBASE)today performed remarkably, with a single-day increase of 28.46% and a trading volume approaching 700 million. Such market activity naturally sparks heated discussions. Many are asking: Is it still possible to chase? Will chasing in now turn you into the last one to take the bait?
From the market data, short positions were liquidated for 1.32 million USD, while long positions were only liquidated for 620,000 USD — indicating a clear dominance of the bulls. But what is the real story behind this? Is it simply a "bull market initiation"? Or is there something else at play?
**Technical Outlook: Bullish signals vs. Overbought pressure**
On the four-hour chart, the MACD yellow and white lines are steadily crossing above the zero line, a textbook golden cross signal, typically indicating a substantial rebound. Having emerged from a death cross previously, there is indeed some potential.
But the issue is — RSI and MFI are both in overbought territory. Overbought conditions don’t necessarily mean an immediate decline, but like a stretched rubber band, the risk of a pullback always exists. Meanwhile, the surge in trading volume suggests significant capital involvement, but the key is to understand: Are these funds "building a bottom" or "pushing up to distribute"?
**Psychological battles at key levels**
From a technical standpoint, resistance is at 0.126, and the current price of 0.1205 is already close to this threshold. Looking downward, the support at 0.090 is a strong recent support level, and further down, 0.0725 acts as a rebound support. These levels are like "lines of defense" in trading — they require close attention.
For those chasing in, 0.090 is a critical level — if the price can hold here, there’s still a chance for further gains. But if it breaks below, a reassessment is necessary. Currently, the price has moved away from this safe zone, and risk and opportunity often come hand in hand.