ZRO is testing the top of its 7-day range at 1.26 after a +21.6% move.
Volume is only $13M on the push. For now, price is holding above its 20-day EMA at 1.15, but that's not conviction volume for a clean breakout.
The desk sees this as a probe of the highs, not a confirmed trend. A failure to clear 1.26 likely means a re-test of support at 1.15.
Buying this push, or is it a fade?
$ZRO
Volume is only $13M on the push. For now, price is holding above its 20-day EMA at 1.15, but that's not conviction volume for a clean breakout.
The desk sees this as a probe of the highs, not a confirmed trend. A failure to clear 1.26 likely means a re-test of support at 1.15.
Buying this push, or is it a fade?
$ZRO