$ZRO Trendline Breakdown! What's Next? ๐จ
โ$ZRO lost its main trendline support and is approaching the key 50 EMA (~$1.97).
Sellers are in control, but a bounce zone might be right ahead! $ZRO
โโ๐ด SHORT SETUP (Trend Continuation)
โCondition: Wait for a weak pull-back/retest toward broken support at $2.08 โ $2.10.
โTargets: $1.97 โก๏ธ $1.81
โStop Loss: $2.15
โ๐ข LONG SETUP (50 EMA Bounce)
โCondition: Look for a bullish rejection/reversal around the $1.95 โ $1.97 support zone (50 EMA).
โTargets: $2.08 โก๏ธ $2.20
โStop Loss: $1.90
โAre you shorting the breakdown or waiting to buy the bounce at $1.97? Let's discuss below! ๐
#TrendTradingStrategy
#IMFSaysTokenizedMarketsSmall
โ$ZRO lost its main trendline support and is approaching the key 50 EMA (~$1.97).
Sellers are in control, but a bounce zone might be right ahead! $ZRO
โโ๐ด SHORT SETUP (Trend Continuation)
โCondition: Wait for a weak pull-back/retest toward broken support at $2.08 โ $2.10.
โTargets: $1.97 โก๏ธ $1.81
โStop Loss: $2.15
โ๐ข LONG SETUP (50 EMA Bounce)
โCondition: Look for a bullish rejection/reversal around the $1.95 โ $1.97 support zone (50 EMA).
โTargets: $2.08 โก๏ธ $2.20
โStop Loss: $1.90
โAre you shorting the breakdown or waiting to buy the bounce at $1.97? Let's discuss below! ๐
#TrendTradingStrategy
#IMFSaysTokenizedMarketsSmall