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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.