📊 ZORA Technical Analysis & Setup
ZORA just printed a 2.8x volume surge alongside a +2.8% 15-minute pop, pointing to potential short covering or smart money accumulation against a wider bearish macro structure. Handle this as a tactical counter-trend play.
• Key Support / Demand: 0.006683, 0.006490 (reclaimed FVG zone)
• Resistance / Supply Targets: 0.006889 (swing high), extending to 0.00705, 0.00712 on structure flip
• Trigger / Confirmation: Sweep/liquidity grab below 0.006683 followed by a bullish engulfing candle reclaiming the level, or a 1h close above 0.006888 to flip the trend bullish
• Risk / Invalidation: Any 1h close below the 0.006201 swing low invalidates the long bias; set strict protection below this level
• Market Execution: Open Interest at $1.5M (+8.4%), funding positive at +0.0050%, taker ratio 1.02x
DYOR — Educational setup, not financial advice.
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