So finally, once again same level, same situation, but this time the context is different. $ZRO has again faced a strong rejection from $1.32.
Now I’m going short on it.
Entry: Right now
Take Profits:
1. $1.23
2. $1.20
3. $1.15
Stop Loss: $1.30
$ZRO
Why going short?
This is the third time ZRO is getting rejected around the $1.30 level, which is why the trend is turning bearish. Sellers are now taking full control of the market.
Because of this, the situation has become weak — the trend is clearly bearish and volume is dropping rapidly.
Whales are also placing sell orders in the order book, which further confirms the downside pressure.
Now I’m going short on it.
Entry: Right now
Take Profits:
1. $1.23
2. $1.20
3. $1.15
Stop Loss: $1.30
$ZRO
Why going short?
This is the third time ZRO is getting rejected around the $1.30 level, which is why the trend is turning bearish. Sellers are now taking full control of the market.
Because of this, the situation has become weak — the trend is clearly bearish and volume is dropping rapidly.
Whales are also placing sell orders in the order book, which further confirms the downside pressure.
