$ZRO | SHORT SELLERS ARE UNDER PRESSURE
Something interesting is developing around ZRO. Binance recorded a $5.0322K short liquidation at $1.42914, suggesting that some bearish positions were forced out.
My attention is now on whether this buying pressure can turn into a stronger recovery or simply becomes another temporary liquidity move.
I want to see ZRO hold its reclaimed levels rather than immediately surrender the recent upside. A clean move above nearby resistance, followed by a successful retest, would make the bullish case more convincing.
Levels on my watchlist:
Support:
S1: $1.410
S2: $1.380
Resistance:
R1: $1.460
R2: $1.500
Trade Idea:
Entry: $1.460–$1.470 after breakout confirmation and retest.
Stop Loss: Below $1.435.
TP1: $1.490
TP2: $1.530
TP3: $1.580
If buyers fail to defend $1.410, I would reconsider the bullish scenario. Losing that area could expose ZRO to another downside move.
I'm not interested in entering simply because shorts have been liquidated. I want to see actual follow-through from buyers.
Let the market confirm the direction before committing capital.
This is my personal market view, not financial advice.
$ZRO
#USSpotXRPETFsSeeLargestWeeklyOutflowIn8Months #USSpotXRPETFsSeeLargestWeeklyOutflowIn8Months #BitcoinActiveSupplyInProfitDropsBelow45% #WhatWillDriveCryptoandStocks’NextRebound? #WhoWillSucceedJensenHuangatNvidia?
Something interesting is developing around ZRO. Binance recorded a $5.0322K short liquidation at $1.42914, suggesting that some bearish positions were forced out.
My attention is now on whether this buying pressure can turn into a stronger recovery or simply becomes another temporary liquidity move.
I want to see ZRO hold its reclaimed levels rather than immediately surrender the recent upside. A clean move above nearby resistance, followed by a successful retest, would make the bullish case more convincing.
Levels on my watchlist:
Support:
S1: $1.410
S2: $1.380
Resistance:
R1: $1.460
R2: $1.500
Trade Idea:
Entry: $1.460–$1.470 after breakout confirmation and retest.
Stop Loss: Below $1.435.
TP1: $1.490
TP2: $1.530
TP3: $1.580
If buyers fail to defend $1.410, I would reconsider the bullish scenario. Losing that area could expose ZRO to another downside move.
I'm not interested in entering simply because shorts have been liquidated. I want to see actual follow-through from buyers.
Let the market confirm the direction before committing capital.
This is my personal market view, not financial advice.
$ZRO
#USSpotXRPETFsSeeLargestWeeklyOutflowIn8Months #USSpotXRPETFsSeeLargestWeeklyOutflowIn8Months #BitcoinActiveSupplyInProfitDropsBelow45% #WhatWillDriveCryptoandStocks’NextRebound? #WhoWillSucceedJensenHuangatNvidia?