💎 ZRX has undoubtedly garnered our attention. Presently, ZRX is navigating within a descending channel, having successfully reclaimed the demand zone and subsequently embarked on a notable ascent toward the $0.231 supply point, only to face rejection.
💎 It's conceivable that ZRX might retreat to the demand level for a retesting phase, gathering fresh momentum to breach the supply barrier. Should ZRX manage to puncture the supply zone promptly, it could potentially shatter the descending channel constraints, propelling itself toward a higher supply region.
💎 However, there's a precarious scenario at play. If, during the retesting, ZRX falters at the demand level, piercing through and closing beneath it, this would signal a bearish turn for ZRX. Under these circumstances, it's likely that ZRX would sustain its descent, steering toward a substantial demand frontier.
💎 It's conceivable that ZRX might retreat to the demand level for a retesting phase, gathering fresh momentum to breach the supply barrier. Should ZRX manage to puncture the supply zone promptly, it could potentially shatter the descending channel constraints, propelling itself toward a higher supply region.
💎 However, there's a precarious scenario at play. If, during the retesting, ZRX falters at the demand level, piercing through and closing beneath it, this would signal a bearish turn for ZRX. Under these circumstances, it's likely that ZRX would sustain its descent, steering toward a substantial demand frontier.
Trade closed: target reached
Nailed it again - #ZRX is up 47.04%, right on cue!
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Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
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🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.