After a 19% surge on high volume, $ZRO is currently consolidating in a narrow range at high levels. This is a typical post-breakout cooling-off period; the market shows good buying absorption and no panic selling pressure, indicating a healthy reset rather than a top.
🎯Direction: Long
🎯Entry: 2.20 - 2.28
🛑Stop Loss: 2.08 (Rigid Stop Loss)
🚀Target 1: 2.50
🚀Target 2: 2.80
$ZRO's breakout was accompanied by an increase in open interest exceeding 80 million and significant volume, suggesting more likely entry by major funds than a simple short-selling spree. The price did not quickly fall back after the breakout but instead formed a tight flag pattern at high levels, indicating very light selling pressure. As long as the price can hold the support level near the previous breakout high of 2.20, the market structure remains bullish, and the probability of further upward continuation is higher.
Trade here 👇$ZRO
{future}(ZROUSDT)
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