zscaler

⚠️ ZS RETRACE: Testing Local Support Floor! ⚠️
$ZS (Zscaler Stock Perp) is pulling back on the 1H chart, down -4.62% to trade at 169.08. After spiking to a 24h high of 201.56, price corrected sharply and is currently consolidating below the 172.06 MA7 and 175.28 MA25, holding just above local support at 165.88.
⚙️ 1H TRADE PLAN:
🔻 Direction: SHORT / REBOUND WATCH
🚀 Entry: 169.00 – 172.00
🛑 Stop Loss: 175.50
🎯 TP1: 165.88 (24h Low)
🎯 TP2: 160.00
🟢 Floor: 165.88 (Key Local Support)
💡 Market View: ZS faced strong rejection near 201.56 and has lost its short-term moving average support. While the immediate trend favors sellers while below 172.06 (MA7), holding above 165.88 could trigger a temporary consolidation rebound before the next direction is confirmed.
👇 Will ZS hold the 165.88 support floor or break lower? Drop your view below! 👇
👉 Click here for trade:
$ZS
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