Range Reclaim with Volume Spike

ZBCN looking very clean here. After breaking out of the range, price has retraced roughly 70% back toward the range tops. Despite the heavy bearish sentiment across crypto, the chart structure is telling a different story.

The pullback shows declining volume with overlapping price action, a classic sign of buyers quietly absorbing supply. In the week ending 23 November, price drove sharply into a key support zone before closing back inside the range. The weekly candle printed a bullish hammer on elevated volume, signaling potential strength.
Yes, further downside is always possible if sellers return with conviction, but right now the setup is constructive.

Trade Scenario
• Entry: Position can be initiated here.
• Stop Loss (SL): Use the hammer candle low as invalidation.
• If that level fails, look for the next major support highlighted on the chart.
• Take Profit (TP):
• First target: range tops.
• Trail SL as price moves, aiming for a full 100% range extension.

Reminder: No setup is guaranteed. Risk management is non‑negotiable. Protect capital first, profits second.