$ZORA UPDATE: I WARNED YOU ABOUT THE RESISTANCE AND #ZORA DID EXACTLY THAT.
After failing to reclaim the key resistance zone, ZORA has now dropped ~40% from the level I highlighted.
But I’m NOT calling the bullish thesis dead yet.
I’m expecting more downside / consolidation before the next potential expansion leg.
Key Invalidation: $0.0046
A HTF close below $0.0046 would invalidate this setup.
If $0.0046 holds, I’ll be watching closely for a reversal and potential continuation of the bigger ZORA fractal.
The next move could be the most important one.
NFA. High Risk. DYOR.
After failing to reclaim the key resistance zone, ZORA has now dropped ~40% from the level I highlighted.
But I’m NOT calling the bullish thesis dead yet.
I’m expecting more downside / consolidation before the next potential expansion leg.
Key Invalidation: $0.0046
A HTF close below $0.0046 would invalidate this setup.
If $0.0046 holds, I’ll be watching closely for a reversal and potential continuation of the bigger ZORA fractal.
The next move could be the most important one.
NFA. High Risk. DYOR.
