Is $ZORA still going down? Here is the bearish continuation setup 📉
Continuation | 📉 Sell
💰 Current price: 0.008732
📊 24h range: 0.008264 – 0.009020
📦 24h volume: $11.15M USDT
📐 Technical indicators:
Current price: 0.008732 — trading right on the MA60 support line (0.008724) ⚠️
Structure: Corrective trend in the short term. The price is showing a clear pattern of lower highs after being rejected at the upper part of the chart, trying to break through technical support.
📉 Entry zone (Short/Sell): 0.008710 – 0.008740
🛑 Stop loss: 0.008850 (Above the last lower high)
🎯 Target 1: 0.008500
🎯 Target 2: 0.008350
🎯 Target 3: 0.008264 (24h low)
📊 Confidence: 81%
Technical note: Although the asset is up +3.42% for the day, the micro-timeframe reflects a continuous weakening of buyers. If the price definitely loses the MA60 support, profit-taking will accelerate in search of liquidity at the base of the range.
$ZORA
Click here to trade 👇
#BinanceSquare #PublicayGana #white2Earn
Continuation | 📉 Sell
💰 Current price: 0.008732
📊 24h range: 0.008264 – 0.009020
📦 24h volume: $11.15M USDT
📐 Technical indicators:
Current price: 0.008732 — trading right on the MA60 support line (0.008724) ⚠️
Structure: Corrective trend in the short term. The price is showing a clear pattern of lower highs after being rejected at the upper part of the chart, trying to break through technical support.
📉 Entry zone (Short/Sell): 0.008710 – 0.008740
🛑 Stop loss: 0.008850 (Above the last lower high)
🎯 Target 1: 0.008500
🎯 Target 2: 0.008350
🎯 Target 3: 0.008264 (24h low)
📊 Confidence: 81%
Technical note: Although the asset is up +3.42% for the day, the micro-timeframe reflects a continuous weakening of buyers. If the price definitely loses the MA60 support, profit-taking will accelerate in search of liquidity at the base of the range.
$ZORA
Click here to trade 👇
#BinanceSquare #PublicayGana #white2Earn
