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The chart for $ZBT is whispering something most traders are missing right now.
We had that massive run up to 0.2755 and then a pretty sharp cool off. But look at where the price is stabilizing. We’re holding 0.1870 and it looks like a classic bull flag is forming on a daily basis. When a coin refuses to dump after a 100% move, it usually means the big players aren't done yet.
The key level to watch is 0.2138. If we can clear today's high with some decent volume, I think we retest that top wick sooner than people think. On the flip side, if we lose 0.1726, the setup is dead and we probably head back to 0.14.
I’m liking the way the order book is stacked on the bid side here. It feels like there’s a lot of absorption happening at these prices.
Watch the volume closely on the next 4h candle.
#TreasuryYieldBreaks5PercentCryptoUnderPressure