ZRO is down 6% today, but I’m getting ready to open my first position around 1.91
ZRO surged to around 2.13 a few days ago, but today it suddenly pulled back to 1.91, with its 24-hour loss now exceeding 6%.
There’s one signal worth noting behind this drop: a large amount of ZRO has recently moved onto exchanges. After the consecutive gains, it’s not surprising that short-term traders are starting to take profits.
But I’m not turning outright bearish just yet.
On the 6-hour chart, ZRO is currently around 1.91, with the MA7 at about 1.87 and the MA25 at 1.72. The overall uptrend structure has not been completely broken.
So, here’s how I see it right now:
Around 1.90–1.92, I’d start with 20% of my planned position.
If the 1.87–1.89 area holds and the price climbs back above 1.95, I’ll consider adding another 20%.
My first target is 2.05–2.10, where I’ll take some profits.
If the price later breaks above the previous high of 2.13, I’ll keep holding the remaining position and target around 2.25.
On the other hand, if 1.85 breaks decisively and the price can’t reclaim it on a rebound, I’ll close this trade and won’t add to the position as it falls.
Also, Binance is processing the token merger from STG to ZRO. Spot trading for STG/USDT will be suspended tomorrow, while existing ZRO spot trading will not be affected.
So, it’s worth keeping an eye on fund flows in ZRO over the next couple of days.
I’m opening my first position around 1.91, and I’ll continue to share updates on this trade.
$ZRO
ZRO surged to around 2.13 a few days ago, but today it suddenly pulled back to 1.91, with its 24-hour loss now exceeding 6%.
There’s one signal worth noting behind this drop: a large amount of ZRO has recently moved onto exchanges. After the consecutive gains, it’s not surprising that short-term traders are starting to take profits.
But I’m not turning outright bearish just yet.
On the 6-hour chart, ZRO is currently around 1.91, with the MA7 at about 1.87 and the MA25 at 1.72. The overall uptrend structure has not been completely broken.
So, here’s how I see it right now:
Around 1.90–1.92, I’d start with 20% of my planned position.
If the 1.87–1.89 area holds and the price climbs back above 1.95, I’ll consider adding another 20%.
My first target is 2.05–2.10, where I’ll take some profits.
If the price later breaks above the previous high of 2.13, I’ll keep holding the remaining position and target around 2.25.
On the other hand, if 1.85 breaks decisively and the price can’t reclaim it on a rebound, I’ll close this trade and won’t add to the position as it falls.
Also, Binance is processing the token merger from STG to ZRO. Spot trading for STG/USDT will be suspended tomorrow, while existing ZRO spot trading will not be affected.
So, it’s worth keeping an eye on fund flows in ZRO over the next couple of days.
I’m opening my first position around 1.91, and I’ll continue to share updates on this trade.
$ZRO