Zebec Network (ZBCN) is in a corrective phase after a sharp rise, approaching an important support zone. This article discusses key aspects of the current situation.
ZBCN Pullback
After establishing a new swing high through a strong impulsive rally, Zebec Network has entered a corrective move, bringing price toward a significant support zone. This area is defined by the 0.618–0.66 Fibonacci retracement (Golden Pocket) and lies above a region of resting liquidity.
Key Technical Points
The price has also lost the value area low of its range, indicating a potential sweep of weak lows before buyers re-enter. Key points include:
* **Golden Pocket:** The price is approaching the 0.618–0.66 Fibonacci retracement zone after a strong impulse. * **VWAP Support:** Anchored VWAP support sits directly within the Golden Pocket, strengthening its technical significance. * **Liquidity Below Weak Lows:** Previous swing lows sit just beneath, offering a potential liquidity sweep and bullish trap setup.
Expectations in Price Action
ZBCN is entering a technically significant zone that could serve as the launchpad for its next move. If the Golden Pocket and VWAP support are defended, especially after a liquidity sweep, expect a rotation back toward recent highs. However, failure to hold this area increases the probability of a deeper retracement toward the next high time frame support.
The current correction of Zebec Network highlights key technical levels that may significantly impact the future price dynamics. Investors should closely monitor for confirming signals of a potential reversal.
