đ $ZRO is showing a potential technical setup!
On the 1M timeframe, ZRO/USDT is attempting to build a macro reversal structure following a prolonged downtrend, with a recent bullish monthly bounce.
đ The Technical Setup:
⢠The Pattern: Double Bottom / Macro Reversal Structure
⢠Short-term Target: 3.8000 USDT
⢠Macro Objective: 5.0000 USDT
⢠Market Structure: Reversal / Accumulation
đŻ Key Levels to Watch:
⢠Support / Accumulation Zone: 0.9000 - 1.0000 USDT
⢠Resistance: 2.5000 USDT
⢠Breakout Level: 1.8000 USDT
⢠Stop Loss / Invalidation: 0.8500 USDT
đ Confirmation:
⢠Volume: Neutral/standard volume
⢠Momentum: Bullish monthly candle reaction off the lows
⢠Trend: Transitioning from macro downtrend to potential bottoming structure
â ď¸ Invalidation:
A monthly candle close below the 0.8500 USDT support zone would invalidate the bullish setup.
Price is showing early signs of a macro reversal after establishing a potential bottoming range.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#zro #crypto #BinanceSquare #tradingview #TechnicalAnalysis
On the 1M timeframe, ZRO/USDT is attempting to build a macro reversal structure following a prolonged downtrend, with a recent bullish monthly bounce.
đ The Technical Setup:
⢠The Pattern: Double Bottom / Macro Reversal Structure
⢠Short-term Target: 3.8000 USDT
⢠Macro Objective: 5.0000 USDT
⢠Market Structure: Reversal / Accumulation
đŻ Key Levels to Watch:
⢠Support / Accumulation Zone: 0.9000 - 1.0000 USDT
⢠Resistance: 2.5000 USDT
⢠Breakout Level: 1.8000 USDT
⢠Stop Loss / Invalidation: 0.8500 USDT
đ Confirmation:
⢠Volume: Neutral/standard volume
⢠Momentum: Bullish monthly candle reaction off the lows
⢠Trend: Transitioning from macro downtrend to potential bottoming structure
â ď¸ Invalidation:
A monthly candle close below the 0.8500 USDT support zone would invalidate the bullish setup.
Price is showing early signs of a macro reversal after establishing a potential bottoming range.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#zro #crypto #BinanceSquare #tradingview #TechnicalAnalysis
