$ZORA / USDT — Buyers Lose Ground as Leveraged Longs Are Forced Out
ZORA experienced a long liquidation of $5.0383K at $0.00691. This event suggests that some leveraged buyers were forced to exit, potentially increasing selling pressure and making a quick recovery more difficult.
For bulls to regain control, ZORA needs to stabilize and attract fresh buying demand. If the price remains under pressure, another test of lower support levels may follow.
Potential Entry Zone for Sellers: $0.00688–$0.00692, after bearish confirmation.
Downside Targets:
- Target 1: $0.00680
- Target 2: $0.00668
- Extended Target: $0.00655
Protective Zone / Stop-Loss: Above $0.00702.
Market Bias: Short-Term Bearish, pending confirmation.
My outlook favors caution while sellers remain active. If ZORA recovers above resistance with strong volume, the downside scenario may lose strength.
#ZORA #CryptoAnalysis #EarningsSeason #BinancePick
ZORA experienced a long liquidation of $5.0383K at $0.00691. This event suggests that some leveraged buyers were forced to exit, potentially increasing selling pressure and making a quick recovery more difficult.
For bulls to regain control, ZORA needs to stabilize and attract fresh buying demand. If the price remains under pressure, another test of lower support levels may follow.
Potential Entry Zone for Sellers: $0.00688–$0.00692, after bearish confirmation.
Downside Targets:
- Target 1: $0.00680
- Target 2: $0.00668
- Extended Target: $0.00655
Protective Zone / Stop-Loss: Above $0.00702.
Market Bias: Short-Term Bearish, pending confirmation.
My outlook favors caution while sellers remain active. If ZORA recovers above resistance with strong volume, the downside scenario may lose strength.
#ZORA #CryptoAnalysis #EarningsSeason #BinancePick