๐ ZERO Market Analysis โ Bearish Signal Near Resistance! โ ๏ธ
๐น ZERO/USDT Price: $2.981
๐ Resistance Level: $3.028
๐ก Support Levels: $2.913 & $2.782
โ ๏ธ Market Signal: Hanging Man Candle at Resistance โ Potential Downtrend Ahead!
ZERO is trading just below resistance ($3.028) while forming a Hanging Man candlestickโa bearish reversal patternโat this key level. This suggests selling pressure is increasing, and a possible rejection from resistance could push the price toward lower support levels.
๐ Technical Outlook:
โ A breakout above $3.028 could invalidate the bearish setup and trigger a strong uptrend.
โ If the price gets rejected, it may test support levels at $2.913 or $2.782.
โ Traders should monitor volume confirmation before making moves.
๐ Trading Strategy:
๐ธ Bearish Scenario: If the price fails to break $3.028, a retracement toward $2.913 or $2.782 may follow.
๐ธ Bullish Scenario: If ZERO breaks and holds above $3.028, it could signal further upside.
๐ธ Neutral Zone: Price remains in consolidation until a breakout or breakdown confirms the trend.
๐ข ZERO is at a critical resistance levelโcan it break upwards, or is a downturn incoming? Stay alert!
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