Does $ZORA keep going down? Here is the bearish continuation setup 📉
Continuation | 📉 Sell
💰 Current price: 0.008699
📊 24h range: 0.008264 – 0.009020
📦 24h volume: $11.17M USDT
📐 Technical indicators:
Current price: 0.008699 — firmly trading below the MA60 (0.008742) ⚠️
Structure: Bearish breakout confirmation. The price lost the previous dynamic support and, after a pronounced vertical drop, is making a weak rebound attempt at the base that lacks buying power.
📉 Entry zone (Short/Sell): 0.008699 – 0.008730
🛑 Stop loss: 0.008810 (Above the breakout point and the MA60)
🎯 Target 1: 0.008550
🎯 Target 2: 0.008400
🎯 Target 3: 0.008264 (24h low)
📊 Confidence: 86%
Technical note: Despite holding a +3.09% gain on the daily accumulation, the short-term structure has confirmed the MA60 as a very strong resistance in previous rejections. The local volume is extremely flat (Local USDT Vol: 273), paving the way to keep looking for lows.
$ZORA
Click here to trade 👇
#BinanceSquare #PublicayGana #white2Earn
Continuation | 📉 Sell
💰 Current price: 0.008699
📊 24h range: 0.008264 – 0.009020
📦 24h volume: $11.17M USDT
📐 Technical indicators:
Current price: 0.008699 — firmly trading below the MA60 (0.008742) ⚠️
Structure: Bearish breakout confirmation. The price lost the previous dynamic support and, after a pronounced vertical drop, is making a weak rebound attempt at the base that lacks buying power.
📉 Entry zone (Short/Sell): 0.008699 – 0.008730
🛑 Stop loss: 0.008810 (Above the breakout point and the MA60)
🎯 Target 1: 0.008550
🎯 Target 2: 0.008400
🎯 Target 3: 0.008264 (24h low)
📊 Confidence: 86%
Technical note: Despite holding a +3.09% gain on the daily accumulation, the short-term structure has confirmed the MA60 as a very strong resistance in previous rejections. The local volume is extremely flat (Local USDT Vol: 273), paving the way to keep looking for lows.
$ZORA
Click here to trade 👇
#BinanceSquare #PublicayGana #white2Earn
