
Post
$ZRX _ LONG
Entry: $0.09167 or $0.0900
TP1: $0.0965
TP2: $0.1000
SL: $0.0880
Reason:
Price has been in a strong downtrend but is now entering a high probability bounce zone. RSI is sitting at 33 which is deep oversold territory and historically this is where smart money starts accumulating. MACD is showing early signs of recovery and ATR is rising which means a strong move is building up.
The most interesting part is the Net L/S at -16.56% meaning the market is heavily positioned on the short side. A bounce from this level would force a massive short squeeze pushing the price up fast and hard.
This is a bounce trade not a trend reversal. Take profits at the targets and respect the stop loss.
Good luck to all of us 🤍✅

Disclaimer: de content op OKX Orbit dient uitsluitend ter informatie. Meer informatie
Reacties
Nog geen reacties. Reageer als eerste.