Today's ZRO analysis indicates a long-term (LONG) trend.
The ratio of major holders on#binanceis 13.1:1 in favor of long. The recent support and resistance prices according to the BOLL indicator are $3.4408 and $3.4929 respectively. The current market sentiment indicator is 31, which means the market sentiment is neutral.
• The first trading strategy: Waiting strategy for a resistance breakout Long-term trend (LONG) Entry price Resistance price breakout $3.4929 Target can be determined by using levels
Previous resistance or other technical analysis.
- Stop Loss: It can be determined by using previous support levels or other technical analysis. Strategy Features This strategy is based on the continuation of the upward trend and the breakout of the resistance level and aims to benefit from the continued rise in the price of ZRO.
•The second trading strategy is the pullback strategy to buy.
- Long-term trend (LONG)
• Entry price: Wait for the price to decline to the support level of $3.4408.
- The target can be determined by using previous resistance levels or other technical analysis.
- Stop loss: can be determined by using
Previous support levels or other technical analysis.
- Strategy characteristics: This strategy is based on continuing the upward trend and buying the currency at a low price when it falls to the support level.
• Trading Strategy 3: Breakout Strategy
- Long-term trend (LONG)
Entry price: Wait for the resistance price to break $3.4929
- The target can be determined by using previous resistance levels or other technical analysis.
- Stop Loss: Can be determined by using previous support levels or other technical analysis.
- Strategy characteristics: This strategy is based on the continuation of the upward trend and the penetration of the resistance level and aims to benefit from the increase in momentum after the penetration.
• Please note that the trader should perform additional analysis and risk management based on the chosen trading strategy. These strategies may be suitable for traders who prefer to take advantage of the continuation of the upward trend in the ZRO price.
