$ZRX /USDT Technical Analysis & Trade Signal🔥💯🚀🚀 Risk Momentum !
Current Price: $0.4774 (Down 3.71%)
24h Range: $0.4562 - $0.4984
Support Level: $0.4658
Resistance Level: $0.4880
Technical Indicators:
RSI (Relative Strength Index): Moderately neutral (hovering around 50)
MACD: Bullish crossover in past hours indicating potential upward momentum.
Volume: Moderate trading volume of 15.51M $ZRX
in the last 24 hours, signifying active interest.
Trade Signal:
Trend: Currently bearish with a potential reversal based on the MACD indicator and overall market momentum.
Entry Point: Buying near the support level of $0.4658 could be ideal, anticipating a bounce back.
Stop Loss: Place a stop at $0.4560 to limit downside risk.
Target Levels:
1. Target 1: $0.4880 (previous resistance, target for a moderate rally)
2. Target 2: $0.4950 (approaching higher resistance)
3. Target 3: $0.5100 (if momentum sustains and the price breaks through resistance)
Trade Momentum: Mildly bullish following signs of a potential reversal as the price is near a support level with upward momentum suggested by technical indicators like MACD. Monitor the market and price action closely to manage any breakout opportunities or risks
Always verify with further analysis and consult with experienced traders before taking actions.