Currency $ZM trading alert 💹
Choppy range — suggested
Entry range: 86.5709-87.4691
Stop loss: 86.1217
Targets: 87.9557, 88.7043, 89.6400
Technical analysis: ZM, this price action is really maddening. It’s been hovering around 87 all day. The two EMA lines are stuck like dead fish—there’s no crossover of any significance. RSI at 34.2 is almost about to lie flat on the floor, and it still doesn’t even dare to call it a reversal. Anyway, I’ve accepted it: this spot is just a choppy, muddy trap. There’s no volume going up, and no strength going down. Put that stop loss at 86.1 up there as a talisman—if it breaks, then fine, take the loss. If it doesn’t, then just keep waiting it out. Don’t think about catching some big move. Jumping in right now is just sending fees to the exchange. Let it play around until it’s done, then we’ll talk. To each their own.
Suggested stop-loss level: 86.121714, please adjust your position size according to your own risk appetite
#ZM
Choppy range — suggested
Entry range: 86.5709-87.4691
Stop loss: 86.1217
Targets: 87.9557, 88.7043, 89.6400
Technical analysis: ZM, this price action is really maddening. It’s been hovering around 87 all day. The two EMA lines are stuck like dead fish—there’s no crossover of any significance. RSI at 34.2 is almost about to lie flat on the floor, and it still doesn’t even dare to call it a reversal. Anyway, I’ve accepted it: this spot is just a choppy, muddy trap. There’s no volume going up, and no strength going down. Put that stop loss at 86.1 up there as a talisman—if it breaks, then fine, take the loss. If it doesn’t, then just keep waiting it out. Don’t think about catching some big move. Jumping in right now is just sending fees to the exchange. Let it play around until it’s done, then we’ll talk. To each their own.
Suggested stop-loss level: 86.121714, please adjust your position size according to your own risk appetite
#ZM