š $ZRO /USDT Analysis: Bullish Breakout or Local Peak? + Forecast Inside! š
$ZRO is showing massive volatility! After a powerful rally peaking at 2.3900, we are seeing a healthy correction to the 2.0005 level. The daily chart reveals a strong uptrend supported by rising volume, but the indicators suggest we are at a critical crossroads.
š Technical Breakdown:
Bollinger Bands: Price is pulling back from the upper band ($2.18), looking for support near the middle basis line ($1.67).
RSI & KDJ: Both are retreating from overbought zones. RSI is at 65, indicating there is still room for a bounce before entering "cheap" territory.
MACD: Remains bullish with a positive crossover, though the histogram is starting to level off.
šÆ Trading Forecast: Long Opportunity
Based on the current support retest, here is a potential setup:
ā Entry Zone: $1.92 - $2.00 (Look for stability here)
š Take Profit: $2.35 (Previous Resistance)
š”ļø Stop Loss: $1.82 (Below recent support)
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