📉 🟢ZRO/USDT Analysis buy signal 📉
The current price of ZRO is at 1.855, showing a decline of -6.27%. The price has been fluctuating between the 24-hour high of 1.984 and the low of 1.699, indicating some volatility in the market.
Key Levels:
- Support: The 24-hour low at 1.699 and the Bollinger Band lower line (DN) at 1.733 are strong support levels.
- Resistance: The upper Bollinger Band (UP) at 1.854 is a key resistance level to watch.
Indicators:
- RSI(4): At 70.553, the RSI is in overbought conditions, suggesting potential for a pullback.
- MACD: The MACD is slightly positive at 0.018, indicating weak bullish momentum.
Potential Scenario:
Given the current price action and indicators, ZRO might face resistance near the 1.854 level. If the price struggles to break above this level, there could be a potential pullback towards the 1.733 support.
Strategy Consideration:
- Entry: Consider entering near the current price of 1.855 if the price shows signs of stabilizing or reversing.
- Stop Loss: Place a stop loss below 1.733 to protect against further downside.
- Take Profit:
- 🎯 Target 1: 1.984
Risk: Medium
Time Frame: 1h - 4h
DYOR and NFA.
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