š$ZRO / USDT Bull Run - Time to Ride The Wave!ā
Current Price: $5.75224H Performance: -0.67%
Technical Analysis (4H Chart)
The $ZRO / USDT pair is displaying strong upward momentum with periodic consolidations. The price recently attempted to break the $5.800 resistance but is facing selling pressure, leading to a minor retracement.
Key Levels to Watch
Resistance:$5.800: The immediate resistance level that needs to be broken for continued bullish momentum.$6.000: Psychological resistance that could act as a strong barrier.Support:$5.600: A key support zone to watch for buyer activity.$5.400: Secondary support in case of further downside.
Market Sentiment
š Uptrend in Play:
Higher highs and higher lows indicate bullish sentiment in the medium term.
š Short-Term Retracement:
The current price rejection at $5.800 suggests a pullback might occur before another attempt to break higher.
Trading Recommendations
ā For Buyers:
Consider entering around $5.600, ensuring support holds for a potential rally.
š» For Sellers:
Look to take profits near $5.800 or higher if rejection patterns persist.
Conclusion
ZRO/USDT is maintaining a bullish trajectory with intermittent consolidations. The upcoming sessions will be crucial to determine whether the price can break above the $5.800 resistance or consolidate further.
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