$ZRO
Position: Buy | Entry Zone: 1.4895 | Downside Stop: 1.425 | Target Price: 1.6313
ZRO is sitting in a sweet spot after a recent shakeout.
The chart shows a bullish trend with price trading in the discount zone of its dealing range, favoring longs. A break of structure just two candles ago confirmed the upward momentum. Most importantly, price is currently hovering right at the edge of a fresh bullish fair value gap, which often acts as a springboard for continuation. This is supported by a liquidity sweep five candles back that took out the recent low, likely clearing out weak sellers. The nearest open buy-side liquidity sits at the swing high from 26 candles ago, offering a clear target. The stop can be placed below the swept low and the recent bullish order block zone, which aligns with a cluster of sell-side liquidity.
If that swept low gives way, we'll step aside and reassess.
#Trading #CryptoSignals #ZRO
Position: Buy | Entry Zone: 1.4895 | Downside Stop: 1.425 | Target Price: 1.6313
ZRO is sitting in a sweet spot after a recent shakeout.
The chart shows a bullish trend with price trading in the discount zone of its dealing range, favoring longs. A break of structure just two candles ago confirmed the upward momentum. Most importantly, price is currently hovering right at the edge of a fresh bullish fair value gap, which often acts as a springboard for continuation. This is supported by a liquidity sweep five candles back that took out the recent low, likely clearing out weak sellers. The nearest open buy-side liquidity sits at the swing high from 26 candles ago, offering a clear target. The stop can be placed below the swept low and the recent bullish order block zone, which aligns with a cluster of sell-side liquidity.
If that swept low gives way, we'll step aside and reassess.
#Trading #CryptoSignals #ZRO