$ZRO $DOT
LayerZero is forming a symmetrical triangle pattern, similar to Polkadot in 2021.
If this structure holds, ZRO could see impressive price levels in the coming months.
Here’s a detailed analysis for buy zone, targets, and stop loss:
Analysis
Symmetrical triangles indicate a breakout could occur, either upward or downward.
Based on the bullish trend and historical similarities, the upside potential is significant if ZRO breaks out.
Buy Zone
$5.00 - $5.50
Accumulate within this range for a lower risk entry.
Targets (Short to Long Term)
1. Target 1: $7.25
2. Target 2: $10.00
3. Target 3: $15.00
4. Target 4: $20.00
Stop Loss
$4.50
Exit if the price breaks below this level to minimize losses.
Key Notes
Watch for a strong breakout above $5.50 with good volume.
Symmetrical triangle patterns have a high probability of continuation in the current trend direction (bullish in this case).
Risk only a small portion of your capital, as crypto markets are volatile.
Keep monitoring market updates and adjust your plan accordingly.
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