$ZRX
/USDT Technical Analysis and Trade Signals 🚀 🎯
Current Market Data
Price: $0.5252 (+5.89%)
24h High: $0.5521
24h Low: $0.4619
Bollinger Bands:
Upper Band: $0.5241
Middle Band (Support): $0.5130
Lower Band: $0.5018
Parabolic SAR: $0.5045 (bullish signal)
Momentum Indicators
Trend: Bullish (price above SAR and upper Bollinger Band).
Volume: Strong 24h volume of 49.15M ZRX.
Overbought Zone: Price exceeding upper Bollinger Band suggests potential resistance near current levels.
Trade Signal: Long Position
The bullish trend is supported by price action and momentum. Consider entering a long position with careful monitoring.
Entry Point:
Buy Zone: $0.5180–$0.5250 (on minor pullbacks).
Targets 🎯:
1. Target 1 (T1): $0.5400 (Resistance from recent price action).
2. Target 2 (T2): $0.5520 (24h high and psychological level).
3. Target 3 (T3): $0.5750 (next major resistance level).
Stop Loss:
$0.5045 (below the Parabolic SAR level to minimize downside risk).
Trade Momentum
Short-Term Momentum: Strong, driven by increasing volume and price action above technical indicators.
Key Watch: Monitor $0.5241 (upper Bollinger Band) as it could act as dynamic resistance.
Risk: Possible retracement to $0.5130 or $0.5045 if the bullish momentum weakens.
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