【$ZBT Signal】Pullback to buy, short squeeze structure initially forming

$ZBT 1H level rebounds and pulls back, price repeatedly tests around 0.094. The 4-hour Bollinger Bands are fully expanded, and the price is above the upper band, which is a typical feature after a strong breakout. The 1-hour MACD momentum bars are beginning to contract, but the fast and slow lines remain high, indicating a normal consolidation after a rapid rise. Market data shows that sell orders are clearly stacked above 0.0941, forming a short-term resistance wall, but buy orders are very thick in the 0.0939 to 0.0938 range, with clear capital support intentions. Open interest remains stable and has not significantly decreased due to price fluctuations, indicating good lock-in of main positions.
🎯Direction: Long
⚡Entry/Order: 0.0938 - 0.0942
🛑Stop Loss: 0.0912
🚀Target 1: 0.1085
🚀Target 2: 0.1195
🛡️Trade Management:
- Execution Strategy: After reaching the first target, reduce half of the position, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.0950 and falls below 0.0935 again, consider exiting early and observing.
Currently, the 1H RSI is around 70 and has not entered extreme overbought territory, leaving room for further upside. On the 4-hour level, the price has moved far away from the EMA20, indicating a short-term need for a pullback to confirm support strength. Although the funding rate is positive, its absolute value is not high, and there is no strong short squeeze risk. The key is to observe whether the price can complete a chip turnover above 0.0935, which will determine the strength of the next upward move. The depth of buy orders below is much thicker than sell orders, making it likely that selling pressure will be quickly absorbed.
Check real-time market 👇 $ZBT
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