Technical Analysis of ZORA/USDT (1-Minute Chart)

🟠 Bearish Signals:

Series of Lower Highs and Lower Lows:

The chart shows a clear downtrend after the peak at ~0.01370.

Lower highs: 0.01370 → 0.01360 → 0.01350.

Lower lows following each drop confirm bearish market structure.

High Selling Volume Spike (7.387M):

The largest sell volume of the session appears on a strong red candle, suggesting capitulation or panic sell.

High volume at the bottom can sometimes mean a temporary bottom or dead cat bounce, but until a base forms, it’s bearish.

Break of Support Levels:

Price has broken below previous supports around 0.01320 and 0.01300.

No strong support until possibly 0.0120–0.0122 zone.

MACD & RSI (Assumed):

While not visible on the chart, based on price action, the MACD would likely be showing a bearish crossover.

RSI would be approaching or in oversold territory, but that doesn’t mean reversal unless there's bullish divergence — which is not visible.

📌 Trade Recommendation:

🔻 Short Bias (Preferred):

Sell/Short near 0.01280–0.01290, if price bounces up to retest.

Target: 0.01240 – 0.01220

Stop-Loss: 0.01300 (above the last failed support)

‍#ZORA #signaladvisor