ZBT's recent rebound momentum has indeed attracted quite a bit of attention. A short-term surge of 60% looks good, but a close look at the candlestick pattern reveals some issues. The key resistance level at 0.2010 has never been effectively broken through, and there is a long and uncomfortable upper shadow, indicating that the buying momentum at high levels is clearly insufficient.
What is more worth warning about is the project's fundamental aspects. As a privacy token, its front end was hacked a few days ago, which is already quite embarrassing in terms of security incidents. Now, this wave of rallying is hard not to make people think—this might just be a trap to lure more traders in.
Market signals indicate that the whales are preparing their chips in advance for the large unlock scheduled for next month. Based on this logic, many traders are choosing to place short orders around 0.17, with a stop loss set at 0.21, and the target price below is 0.10. The core idea of this strategy is: resistance above, support below, and the risk zone in between.
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Blockblind
· 13h ago
Bro, I can see clearly through this pump-and-dump scheme. The front end was hacked, and you're still trying to pump? What's your goal?
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MetaMasked
· 13h ago
Frontend gets hacked and then pumps the price? That move is brilliant, definitely a classic pump-and-dump scheme.
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MevShadowranger
· 13h ago
Oh wow, a 60% rebound looks great, but then the long upper shadow? That's a classic trap to lure in buyers, the big players are really playing this move skillfully.
ZBT's recent rebound momentum has indeed attracted quite a bit of attention. A short-term surge of 60% looks good, but a close look at the candlestick pattern reveals some issues. The key resistance level at 0.2010 has never been effectively broken through, and there is a long and uncomfortable upper shadow, indicating that the buying momentum at high levels is clearly insufficient.
What is more worth warning about is the project's fundamental aspects. As a privacy token, its front end was hacked a few days ago, which is already quite embarrassing in terms of security incidents. Now, this wave of rallying is hard not to make people think—this might just be a trap to lure more traders in.
Market signals indicate that the whales are preparing their chips in advance for the large unlock scheduled for next month. Based on this logic, many traders are choosing to place short orders around 0.17, with a stop loss set at 0.21, and the target price below is 0.10. The core idea of this strategy is: resistance above, support below, and the risk zone in between.