$ZRO

/$USDT Technical Analysis & Trade Signal

Current Price: $6.49

24h Change: +33.51%

Technical Overview:

Trend: Bullish (strong upward momentum observed)

Support: $4.86 (24h low)

Resistance: $6.77 (24h high)

Key Indicators:

RSI (14): 65 (near overbought, but still in bullish range)

MACD: Positive crossover, indicating further upward potential

Moving Averages: 50 MA is above the 200 MA, confirming a long-term bullish trend

Trade Signal:

Buy Entry: $6.50 (current market price)

Target Levels:

1. Target 1: $6.90 (next resistance level)

2. Target 2: $7.20 (psychological resistance)

3. Target 3: $7.50 (extended rally potential)

Trade Momentum:

Momentum: Strong bullish momentum driven by a recent surge in buying volume.

Stop Loss: $5.80 (below recent support) for risk management.

Recommendation:

Long Position: Consider entering a long position at current levels, targeting a rise to $6.90, $7.20, and potentially $7.50. Keep an eye on volume and RSI for any signs of overbought conditions.

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