ZEREBRO's recent market movement is quite interesting. The hourly candle at midnight yesterday directly dropped by 28%, wiping out most of the bullish positions. But what's intriguing is that the market makers then started to push the price up, and now the hourly chart has already begun to rebound against the trend.
From a technical perspective, such a rapid rebound after a sharp decline is often a sign of a new upward wave. Especially considering the current 1-hour chart, it indeed shows a willingness to go long. If this momentum can continue, breaking the previous high should be no problem, and the probability of reaching a new high remains high.
Those interested might consider entering, but the timing needs to be right—this kind of market can change suddenly.
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ZEREBRO's recent market movement is quite interesting. The hourly candle at midnight yesterday directly dropped by 28%, wiping out most of the bullish positions. But what's intriguing is that the market makers then started to push the price up, and now the hourly chart has already begun to rebound against the trend.
From a technical perspective, such a rapid rebound after a sharp decline is often a sign of a new upward wave. Especially considering the current 1-hour chart, it indeed shows a willingness to go long. If this momentum can continue, breaking the previous high should be no problem, and the probability of reaching a new high remains high.
Those interested might consider entering, but the timing needs to be right—this kind of market can change suddenly.