ZRO Breaks Ascending Baseline: Retesting Broken Structure for Short Entry?
ZRO has officially violated its mid-term ascending trendline on the 4-hour timeframe, signaling that the preceding bullish cycle has concluded. The recent sharp downward impulse breached the diagonal baseline and confirmed a structural shift by printing a lower low around 1.80 USD.
The ongoing relief push back toward 2.19 USD represents a classic technical retest of the broken trendline. This prior support has now transitioned into a formidable resistance barrier. Price is reacting sharply on the 4-hour candle with visible upper wick rejections, confirming that sellers have re-entered the market to extinguish short-term bullish momentum.
With market structure turning decisively bearish, entering a Short position at this retest offers an exceptional risk-to-reward ratio. The primary downside objective points toward the macro base support near 1.10 USD. To protect trading capital, a strict stop-loss should be positioned tightly above the recent swing high at 2.307 USD.
DYOR $ZRO $BAT $INIT #anhbacong #anh_ba_cong
ZRO has officially violated its mid-term ascending trendline on the 4-hour timeframe, signaling that the preceding bullish cycle has concluded. The recent sharp downward impulse breached the diagonal baseline and confirmed a structural shift by printing a lower low around 1.80 USD.
The ongoing relief push back toward 2.19 USD represents a classic technical retest of the broken trendline. This prior support has now transitioned into a formidable resistance barrier. Price is reacting sharply on the 4-hour candle with visible upper wick rejections, confirming that sellers have re-entered the market to extinguish short-term bullish momentum.
With market structure turning decisively bearish, entering a Short position at this retest offers an exceptional risk-to-reward ratio. The primary downside objective points toward the macro base support near 1.10 USD. To protect trading capital, a strict stop-loss should be positioned tightly above the recent swing high at 2.307 USD.
DYOR $ZRO $BAT $INIT #anhbacong #anh_ba_cong