$ZRO | 30m ANALYSIS 📊
- My main scenario is that the price finds support with a liquidity sweep around the 2.220 area and reacts upwards. So there is a long opportunity here, but confirmation is essential! Especially if we see a brief dip below 2.220 followed by a quick recovery, the 2.256-2.284 range can be used as profit-taking areas.
- If the price makes a permanent close below 2.220, then the decline may continue, and we could see a pullback to the levels of 2.152 and 2.084. Therefore, confirmation and stop-loss are crucial for long positions.
- If you are considering a short, the price needs to give a clear reversal signal in the 2.256-2.284 range and leave a weak upward movement there. Then a short setup could be considered down to 2.220.
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