$ZRX Bull Run Outlook Confirm 💯 💫
/USDT Technical Analysis and Trade Strategy
Price Overview:
Current Price: $0.5021
24h High: $0.5110
24h Low: $0.4562
24h Volume (ZRX): 22.01M ZRX
24h Volume (USDT): 10.68M USDT
Technical Indicators:
Support Level: $0.4562 (recent low)
Resistance Level: $0.5110 (recent high)
Trend: Mildly bullish, with upward movement in the past 24 hours.
Moving Averages (EMA, MA): Short-term moving averages are showing a slight upward slope, indicating momentum.
Trade Strategy with Three Targets 🎯
Bullish Scenario (Long Position):
1. Entry: If price breaks above $0.5110, confirming a breakout.
2. Target 1 (🎯): $0.5300 — This is the next resistance level, which aligns with a potential price range extension.
3. Target 2 (🎯): $0.5400 — A slight extension above the $0.5300 level if bullish momentum continues.
4. Target 3 (🎯): $0.5500 — Final higher target if the price continues to surge in the next few days.
Stop-Loss: Place a stop below the support at $0.4562 to protect against any reversal.
Bearish Scenario (Short Position):
1. Entry: If the price drops below $0.4562, signaling a breakdown.
2. Target 1 (🎯): $0.4400 — First support level to target for a downward move.
3. Target 2 (🎯): $0.4300 — Potential lower support level if downward pressure increases.
4. Target 3 (🎯): $0.4200 — Final target if a strong sell-off occurs.
Stop-Loss: Place a stop above $0.5110 in case of a reversal or false breakdown.
Summary of Key Levels:
Resistance: $0.5110 (watch for breakouts above this)
Support: $0.4562 (watch for breakdowns below this)
Action Plan:
Bullish: Break above $0.5110 → Target $0.5300, $0.5400, $0.5500
Bearish: Drop below $0.4562 → Target $0.4400, $0.4300, $0.4200
#USJoblessClaimsDrop #BinanceAlphaAlert #BNBBhutanReserves #AIMarketCapDip #ShareYourTrade