$ZRO
/USDT Technical Analysis & Trade Signals
Current Price: $6.63
Momentum: Bullish (Strong upward movement with buying pressure dominating)
Key Levels
Resistance: $6.70
Support: $6.50
Trend: Positive, with consistent higher highs and strong volume backing the movement.
Trade Setup
Entry Point: $6.63 (current price)
Stop Loss: $6.45 (below recent support level)
Target Levels 🎯
1. Target 1: $6.80 (Short-term resistance)
2. Target 2: $7.00 (Psychological level with potential breakout)
3. Target 3: $7.25 (Extended resistance based on Fibonacci projection)
Trade Momentum
15 min chart: Bullish (Strong buying observed, suitable for scalping)
1 hour chart: Uptrend (Momentum building with high volume)
1 day chart: Breakout Pattern (Likely continuation above $6.70 if volume sustains)
Recommendation:
For Swing Traders: Hold until Target 2 or Target 3 if momentum persists.
For Day Traders: Book profits near Target 1.
Keep an eye on the overall market sentiment and updates from Binance regarding ZRO/USDT liquidity or news.
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