$ZORA /USDT Perp ā 4H Trade Setup š¢š¢
Market Insight:
has surged +25.07% recently, demonstrating strong bullish momentum with nearly 2.9 billion ZORA tokens traded in the last 24 hours. Currently priced at $0.0867, the token pulled back slightly after reaching a 24-hour high of $0.08946. The 24-hour low of $0.0687 highlights significant upward movement within a short timeframe.
Entry Zone:
Ideal entries are anticipated in the $0.083 ā $0.085 range, where price may consolidate following the sharp rally. This zone sits just below the current price but above recent support levels, offering an improved risk/reward setup.
Targets:
TP1: $0.0894 ā Recent 24-hour high and immediate resistance
TP2: $0.0910 ā Psychological resistance and recent swing high
TP3: $0.0950 ā Breakout target if bullish momentum sustains
Stop Loss:
Place stop loss near $0.0780, just below the recent pullback low and key support around $0.0773, to guard against a deeper retracement.
Key Levels:
Support: $0.0773 (minor support), $0.0705 (previous swing low)
Resistance: $0.08946 (24-hour high), $0.0910 (next resistance)
Pivot: Around $0.0867 (current price)
Volume & Moving Averages:
Volume: 2.89B ZORA tokens traded in 24 hours, with USDT volume at $234M ā indicating strong liquidity and market interest
MA(5): ~126M, MA(10): ~121M ā short-term moving averages confirm robust buying pressure
Pro Tip:
Given the recent sharp spike, watch for consolidation or a minor pullback before entering. Confirm strength through volume and 4-hour candle closes above the entry zone to avoid chasing the price at its peak.
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