$ZRO #ZRO 📉
Direction: SHORT
Entry zone: 1.4770 to 1.4830
Stop loss: 1.5022
Target 1: 1.4504
Target 2: 1.4282
LayerZero is trading near 1.48 dollars, down 6.86 percent in 24 hours, one of the weakest coins in the top 100 today, inside a range of 1.47 to 1.64 dollars, and the recent closes show a steady bleed, 1.51, then 1.50, then 1.49, then 1.48, then 1.48. 🔴 My reading is that ZRO is leading the downside because it has no buyer defense while Bitcoin is stuck below 75,000 dollars, and a coin that falls almost 7 percent on a red day usually keeps falling until the market finds a floor. A short from the current zone, with a stop above 1.5022, targets 1.4504 first and then 1.4282 if sellers keep pressing. A move above 1.5022 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does LayerZero fall to 1.4504 first, or bounce above 1.5022? 🤔
Follow for more trades.
#LayerZero #Crypto #FuturesTrading #TradingSignals
Direction: SHORT
Entry zone: 1.4770 to 1.4830
Stop loss: 1.5022
Target 1: 1.4504
Target 2: 1.4282
LayerZero is trading near 1.48 dollars, down 6.86 percent in 24 hours, one of the weakest coins in the top 100 today, inside a range of 1.47 to 1.64 dollars, and the recent closes show a steady bleed, 1.51, then 1.50, then 1.49, then 1.48, then 1.48. 🔴 My reading is that ZRO is leading the downside because it has no buyer defense while Bitcoin is stuck below 75,000 dollars, and a coin that falls almost 7 percent on a red day usually keeps falling until the market finds a floor. A short from the current zone, with a stop above 1.5022, targets 1.4504 first and then 1.4282 if sellers keep pressing. A move above 1.5022 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does LayerZero fall to 1.4504 first, or bounce above 1.5022? 🤔
Follow for more trades.
#LayerZero #Crypto #FuturesTrading #TradingSignals
