$ZRO #ZRO 📉
Direction: SHORT
Entry zone: 1.5768 to 1.5832
Stop loss: 1.6037
Target 1: 1.5484
Target 2: 1.5247
LayerZero is trading near 1.58 dollars, down 3.54 percent in 24 hours and down 15.01 percent over 7 days, inside a range of 1.58 to 1.66 dollars, and the recent closes show the price pinned flat at its low, 1.61, then 1.60, then 1.60, then 1.59, then 1.58. 🔴 My reading is that ZRO is stuck at the bottom of its range in a fear market, because it lost 15 percent this week on only 27.0 million dollars of volume and nobody is stepping in to buy it. A short from the current zone, with a stop above 1.6037, targets 1.5484 first and then 1.5247 if sellers push through the range low. A rise above 1.6037 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 1.5484 first, or rise above 1.6037? 🤔
Follow for more trades.
#LayerZero #Crypto #FuturesTrading #TradingSignals
Direction: SHORT
Entry zone: 1.5768 to 1.5832
Stop loss: 1.6037
Target 1: 1.5484
Target 2: 1.5247
LayerZero is trading near 1.58 dollars, down 3.54 percent in 24 hours and down 15.01 percent over 7 days, inside a range of 1.58 to 1.66 dollars, and the recent closes show the price pinned flat at its low, 1.61, then 1.60, then 1.60, then 1.59, then 1.58. 🔴 My reading is that ZRO is stuck at the bottom of its range in a fear market, because it lost 15 percent this week on only 27.0 million dollars of volume and nobody is stepping in to buy it. A short from the current zone, with a stop above 1.6037, targets 1.5484 first and then 1.5247 if sellers push through the range low. A rise above 1.6037 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 1.5484 first, or rise above 1.6037? 🤔
Follow for more trades.
#LayerZero #Crypto #FuturesTrading #TradingSignals
