$ZRO Here’s a detailed analysis and trading plan for based on the given information.
Current Observation.
Long Liquidation Level. $5.2733K at $5.36446.
This suggests that long positions worth $5,273.3 were liquidated around the price level of $5.36446, indicating selling pressure at this price.
What’s Next.
1. Short-term Trend.
The liquidation event suggests bearish momentum in the short term as buyers are losing control near $5.36446.
2. Support and Resistance Levels.
Resistance. $5.36–$5.40 likely a strong zone where sellers are active.
Support. $5.25–$5.28 likely a key demand zone for buyers.
Trading Plan.
Buy Zone.
Zone. $5.25–$5.28.
Look for bullish signals like a reversal candle or strong buying volume in this range.
Target Levels.
Target 1: $5.36 test of resistance.
Target 2: $5.44 if it breaks above resistance.
Target 3: $5.55 major profit taking zone.
Stop Loss.
Place a stop loss below $5.20 to manage risk effectively.
Risk Management Tips.
1. Position Size.
Trade with only 1–2% of your portfolio to minimize risk.
2. Confirmation.
Enter only after price action confirms buying momentum in the buy zone.
Market Sentiment Notes.
Keep an eye on market sentiment and news affecting $ZRO. If overall market conditions are bearish, it may dip further before recovering.
Let me know if you need real time updates or further clarification.
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