ZBCN Defends Daily Support, Reversal Still in Play

Despite corrective pressure, ZBCN has respected its critical daily support zone. The 0.618 Fibonacci level, point of control, and VWAP support all align here, creating a high-confluence region where bulls may reassert control.

Key Technical Points

- Daily Support Holding: Price remains above key confluence.
- Support Confluence: 0.618 Fibonacci + VWAP + point of control.
- Risk Scenario: Losing this region risks deeper correction.

The correction into this zone is technically healthy, as long as support holds. Consecutive higher lows remain intact, reinforcing the uptrend. However, should this region break, price could face significant downside.

The VWAP slicing through the Fibonacci retracement adds weight to this level, historically known for bullish reactions. A reversal from here would maintain market structure and could rotate price higher.

What to Expect

ZBCN is at a critical pivot. A rebound keeps the bullish structure alive, but a breakdown risks further correction. Traders should watch volume inflows to confirm reversal strength.