🚨 ZORA/USDT: Is the NFT Hype Coming Back to Zora?

Market Outlook: Zora has been on an impressive run in recent weeks, with significant gains in August 2025. After peaking around $0.148, the price has pulled back and is currently consolidating around the $0.11–$0.12 range. This is a critical point, with support holding firm, suggesting a potential resumption of the uptrend. However, some profit-taking and lower short-term volume indicate a period of caution may follow the recent parabolic move.

💡 Futures Trading Plan (Neutral Stance):

🟩 Long Entry Trigger: Look for a confirmed candle close ABOVE the resistance level of $0.1220 on a higher timeframe (e.g., 4H) with significant volume. This would signal a likely re-test of the previous highs.

💰Targets: $0.1300, $0.1400, and potentially toward the recent high of $0.148.
🛑Stop Loss: Below the breakout candle's low or below the nearest significant support at $0.1080.

🟥 Short Entry Trigger: Consider a short if the price breaks BELOW the key support level of $0.1080 with a closing candle on a higher timeframe. This would confirm a deeper correction.

💰Targets: $0.1000, $0.0950, and potentially toward the consolidation base around $0.087.
🛑Stop Loss: Above the breakdown candle's high or above $0.1150.

Your Action Plan:

01 - Wait for Confirmation: Do not rush into a trade. The recent volatility means waiting for a clear breakout or breakdown, confirmed by volume and candle closes, is crucial to avoid false signals.

02 - Use a Stop-Loss: Always protect your capital. A stop-loss is essential for managing risk, especially with highly volatile assets like ZORA.

03 - Manage Your Risk: Consider position sizing appropriate for your risk tolerance. Do not over-leverage, given the inherent risks and the speculative nature of meme tokens.

📢 What are your thoughts?

Vote: Do you think ZORA will continue its bull run or see a deeper correction?

Breakout to Higher Highs
Deeper Correction

Comment: Share your analysis below!