ZBCN Faces Key Support Zone, Potential Bullish Reversal Looms
ZBCN is experiencing a pullback after a strong breakout. It’s now approaching a major technical support area. this zone, known as the golden Pocket, could trigger a bullish reversal.
The Golden Pocket, between the 0.618 and 0.66 Fibonacci retracement levels, is a critical area. It aligns with the VWAP and liquidity confluence,increasing the chances of a price bounce. After reaching a new swing high, Zebec Network (ZBCN) is correcting and moving toward this support zone.
Key points include:
- Golden Pocket Confluence: Price is nearing the 0.618–0.66 Fibonacci retracement.
- VWAP SR Alignment: VWAP support is within this zone, boosting its importance.
- Liquidity Below Weak Lows: Previous lows offer a potential liquidity sweep.
