$ZRO
Here’s what I see in your ZRO/USDT chart and how we can plan a trade step-by-step:
1. Current Situation
Price: $2.363 (+23.91% in 24h)
24h High: $2.599
24h Low: $1.907
RSI (6): ~38.8 → slightly oversold on the short-term, meaning recent selling pressure.
MA(7) = 2.435, MA(25) = 2.313, MA(99) = 1.997 → Short-term MA is just starting to cross down toward mid-term MA.
MACD: DIF (0.091) just dropped under DEA (0.109) → early bearish signal.
Volume: Big spike earlier during the pump, now decreasing.
2. Technical Read
Trend: Recently had a strong breakout from ~$1.88 to $2.59, but now in pullback/consolidation mode.
Support Levels:
$2.31 (MA25 and local consolidation support)
$2.15
$1.99 (MA99 and strong base)
Resistance Levels:
$2.44–$2.46 (MA7)
$2.60 (recent high)
3. Trade Plan
If you want to go Long (Buy):
Best to wait for confirmation of a bounce around $2.31–$2.15 support zone.
Look for RSI to climb back above 45 with green candles and increasing volume.
Targets:
First: $2.44 (MA7)
Second: $2.60 (previous high)
Stop-loss: Below $2.15 or just under $1.99 for more safety.
If you want to Short (Sell/Take Profit):
If price breaks and closes below $2.31 with strong volume, it may retest $2.15 or even $2.00.
Could short toward $2.15 and close partial at $2.00.
Stop-loss: Above $2.44.
4. Risk Management
Risk only 1–2% of your total capital on this trade.
Use a stop-loss — this is a volatile coin with high intraday swings.