$ZETA #Followers #Everyone #Binance

Based on the screenshot of the ZETAUSDT trading chart, here’s a technical analysis and trading strategy:

### **Technical Indicators**:

1. **Current Price**: 0.6194 USDT

2. **Moving Averages**:

- MA(7): 0.6209 USDT (short-term trend)

- MA(25): 0.6343 USDT (medium-term trend)

- MA(99): 0.6588 USDT (long-term trend)

3. **24h High/Low**:

- 24h High: 0.7170 USDT

- 24h Low: 0.6143 USDT

4. **MACD**:

- DIF: -0.0071

- DEA: -0.0068

- MACD Histogram: -0.0003 (bearish signal)

5. **RSI(6)**: 34.37 (approaching oversold territory)

### **Analysis**:

- The price is trading below all the key moving averages (MA(7), MA(25), and MA(99)), indicating a strong downward trend.

- The MACD is in the negative zone with a negative histogram, suggesting bearish momentum.

- The RSI is around 34.37, which is near the oversold region (below 30), indicating that the price may be approaching a potential reversal point.

### **Trading Strategy**:

Given the current market conditions and indicators:

#### **Short Position**:

- **Entry Point**: 0.6194 USDT (current price)

- **Take-Profit (TP)**:

- First Target: 0.6140 USDT (near the recent low)

- Second Target: 0.6080 USDT (a further downside)

- **Stop-Loss (SL)**: 0.6250 USDT (above the MA(7))

- **Trade Duration**: Short-term (intraday to a few hours)

#### **Long Position** (If a reversal occurs):

- **Entry Point**: If the price reverses and breaks above 0.6250 USDT with confirmation

- **Take-Profit (TP)**:

- First Target: 0.6340 USDT (near MA(25))

- Second Target: 0.6480 USDT (approaching MA(99))

- **Stop-Loss (SL)**: 0.6140 USDT (below the recent low)

- **Trade Duration**: Short to medium-term (a few hours to a day)

### **Summary**:

- **Current Bias**: Bearish (short-term), with potential for a reversal if the RSI dips lower into oversold or if bullish momentum picks up.

- **Recommendation**: Consider a short position at the current price with tight stop-losses due to the possibility of a reversal. If a reversal is confirmed, a long position could be considered above 0.6250 USDT.

Please ensure to monitor the market closely and adjust your strategy based on real-time price action.

this is not a financial advice Conduct ur own research too.