Here’s a #Technical analysis based on the provided 4-hour (4h) and daily (1d) charts for $ZRO

4-Hour Chart (4h):

1. Trend: The price shows a recovery from a recent low around $3.039, now trending upward toward $4.058.

2. Key Levels:

Support: Around $3.776 (recent low).

Resistance: Around $4.113 (24h high).

3. Moving Averages:

The price is below the MA(5) (yellow line), which indicates short-term resistance.

MA(10) shows a higher threshold, indicating the market needs more momentum to break.

4. RSI: The RSI is 71.89, indicating overbought conditions. A potential pullback might happen soon.

5. MACD: The MACD line is slightly above the signal line, showing mild bullish momentum, but no strong divergence yet.

6. Entry/Exit Strategy (4h):

Entry: If the price pulls back toward $3.776 with a bullish confirmation, a buy can be considered. Otherwise, breaking $4.113 with strong volume can signal continuation.

Exit: Take profit around the $4.50 zone or trail stop losses in case of continuation.

Stop Loss: Below $3.776 to minimize risk.

Daily Chart (1d):

1. Trend: A broader upward trend from a low of $2.466, indicating longer-term recovery. The price currently consolidates after a dip from $5.612.

2. Key Levels:

Support: Around $3.462 (recent pivot).

Resistance: Around $4.113 and further at $4.60 (previous highs).

3. Moving Averages:

Price is hovering near the MA(5), which could indicate a potential continuation if it remains above it.

4. RSI: The RSI is 70.45, indicating overbought conditions but still within safe territory for further upward moves.

5. MACD: A slight bullish divergence with the MACD showing momentum turning positive. It’s an early signal for continued buying interest.

6. Entry/Exit Strategy (1d):

Entry: A clear break above $4.113 with confirmation (higher volume) offers a good entry for a swing trade. Alternatively, any retracement towards $3.776 can offer a safer entry.

Exit: Look for targets around $4.60 or trail profits as the price approaches this resistance.

Stop Loss: Below $3.462 to manage risk, especially if the market shows a pullback.

Summary:

Short-Term (4h): Overbought conditions suggest caution, but momentum can continue if the price breaks $4.113. A retracement toward $3.776 offers a better risk/reward entry.

Medium-Term (1d): The price is showing bullish potential. A break above $4.113 or a pullback to support zones could offer good entry points. Aim for profits at $4.50–$4.60 with stops below $3.462.

Be cautious of overbought conditions on both timeframes and monitor volume for confirmation of breakouts.

$zro