🚀 $ZORA Jumps 62% — Reversal Started, but One Major Resistance Remains!
ZORA is trading around $0.01013 after gaining 62.45%, supported by $148.93M in 24-hour volume. The 3-day price has reclaimed EMA 9, EMA 21 and MA 44, indicating a strong short-term momentum shift. However, EMA 50 at $0.01133 remains the crucial resistance, so the larger bullish reversal is not confirmed yet. The chart shows an ATH near $0.12378 and an ATL at $0.004653.
Long Setup: A bullish hold between $0.0088–$0.0094 could provide a pullback entry with stop-loss below $0.0081 and targets at $0.01133, $0.0145, $0.0180 and $0.0249. Alternatively, wait for a confirmed breakout and successful retest above $0.01135 before entering.
Short Setup: A short becomes valid only if ZORA faces rejection from EMA 50 and then closes below $0.0084. Entry can be considered on a failed reclaim of $0.0084–$0.0087, with stop-loss above $0.0097 and targets at $0.0068, $0.0062 and $0.00465.
Momentum is bullish, but price is directly below major resistance. Avoid chasing the pump and wait for either a pullback confirmation or a clean EMA 50 breakout.
#ZORA #ZORAUSDT #CryptoTrading #BinanceFutures
ZORA is trading around $0.01013 after gaining 62.45%, supported by $148.93M in 24-hour volume. The 3-day price has reclaimed EMA 9, EMA 21 and MA 44, indicating a strong short-term momentum shift. However, EMA 50 at $0.01133 remains the crucial resistance, so the larger bullish reversal is not confirmed yet. The chart shows an ATH near $0.12378 and an ATL at $0.004653.
Long Setup: A bullish hold between $0.0088–$0.0094 could provide a pullback entry with stop-loss below $0.0081 and targets at $0.01133, $0.0145, $0.0180 and $0.0249. Alternatively, wait for a confirmed breakout and successful retest above $0.01135 before entering.
Short Setup: A short becomes valid only if ZORA faces rejection from EMA 50 and then closes below $0.0084. Entry can be considered on a failed reclaim of $0.0084–$0.0087, with stop-loss above $0.0097 and targets at $0.0068, $0.0062 and $0.00465.
Momentum is bullish, but price is directly below major resistance. Avoid chasing the pump and wait for either a pullback confirmation or a clean EMA 50 breakout.
#ZORA #ZORAUSDT #CryptoTrading #BinanceFutures
