Trading Signals for $ZRX 0x Protocol:
Entry Range: $0.4550 - $0.4630
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Action: Long (Buy)
SL (Stop Loss): $0.4400
TP (Take Profit): $0.4750 to $0.5312
ZRX is trading near its intraday high of $0.4633, up 7.26% over the last 24 hours with a 24h volume-to-market-cap ratio of 11.16%, suggesting active trading interest. The price has been consolidating in a range of $0.4292 to $0.4633, forming a potential bullish flag pattern on the shorter timeframe, indicating a continuation of the upward momentum.
The reduction in 24-hour volume (-17%) could imply slight exhaustion, so precise entry and tight stop-loss levels are crucial. Given the overall market cap trend (7.65% growth), ZRX shows strong potential for a short-term breakout above the consolidation range.
A scalping strategy here could capitalize on small price moves:
Enter in the suggested range near $0.4600 after confirming a minor pullback or breakout from $0.4630.
Set a stop loss slightly below the lower consolidation boundary ($0.4400).
Target a quick profit at $0.4750 (3% gain), or let a portion ride up to $0.5312 if momentum supports further growth.
🥂 Trade Now👇$ZRX
🚨 Note: Trade at your own risk. DYOR (Do Your Own Research). Stay updated on any macro market trends or significant news that could impact ZRX.
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