This is a short-term move and definitely there is potential for additional growth, with that said, let's dive into ZRXBTC.
Here we can see a strong challenge of MA200 on the 8th of October with ZRXBTC closing below this level (black line on the chart).
Today this level is being left behind. MA200 = Long-term bias.
Now that ZRXBTC is trading daily above MA200, the doors are open and confirmed for long-term growth.
We can see a fast jump towards the target mapped on the chart, 0.00001335 (70%), with more after a small retrace.
This analysis is supported by additional bullish signals such as the RSI, trading volume and MACD.
Invalidation happens on a full candle close below the last low. A stop-loss can be set around 660 sats or anywhere you prefer based on your own trading style and risk tolerance... This is a high probability chart setup.
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