⚠️ ZRC Reaches Key Supply Zone – Caution for Longs ⚠️
ZRC has recently seen a strong bounce from the $0.034 range, but it’s now approaching a major supply zone, as shown in the chart.
This area previously acted as a distribution zone, where price sharply reversed after a massive wick to $0.049. The volume and reaction suggest that big players may have offloaded positions there.
🟥 What This Means:
Longs should be managed with extreme caution as price nears this zone again.
The probability of a pullback or rejection increases the closer we get to that resistance area.
This setup offers a potential short opportunity, especially if price shows weakness or fails to break above cleanly.
📉 Long-Term Outlook:
Unless ZRC breaks above this zone with strength and volume, we may see a reversal or consolidation. It’s smart to start planning for shorts in the higher timeframes if bearish signs emerge.
📌 Wait for confirmation like a structure shift or strong bearish candle before entering short.
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