Zrxusdtidea
ZRXUSDT bouncing from monthly support, likely to head higherThe story of ZRXUSDT is similar to many other assets where the price started rallying at the beginning of the last quarter of 2023 and the rally continued till the end of first quarter of 2024. Since then the price has been downtrending. The rally started from monthly support MS2 and reached till monthly resistance MR2. Now it has reached monthly support MS1 during this downward move. The price bounced from that support after hitting and dipping deep into that monthly support zone. However, this bounce is not the end. I believe the price is going to continue to move upward on this bounce. Monthly resistance MR1 will be just a pause or stop on its way towards monthly resistance MR2. We shall reassess the price action once reaches MR1 and MR2 in case it follow our expectations. Anyways, next month august is looking very bullish for this as well as many other coins I have covered.
ZRXUSDT Analysis (Local Setup)Hello friends.
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Everything on the chart.
Entry: market and lower
Target: 0.38 - 0.42 - 0.44
after first target reached move ur stop to breakeven
Stop: ~0.27 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 5
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
ZRXUSDT AnalysisHello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
open pos: market and lower
target: 1.4 - 1.7 - 1.95
after first target reached move ur stop to breakeven
stop: under 0.8 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 3
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to your questions or suggestions.
ZRXUSDT AnalysisHello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
open pos: market and lower
target: 1.5 - 1.7 - 1.9
after first target reached move ur stop to breakeven
stop: ~under 1.08 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 3
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to your questions or suggestions.