ZRXUSDT Short Signal / Bulls or Bears?BINANCE:ZRXUSDT
OKX:ZRXUSDT
Hello Traders
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
👾The setup is active but expect the uncertain phase as well.
➡️Entry Area:
Yellow zone
⚡️TP:
0.2772
0.2734
0.2695
0.2648
🔴SL:
On the chart
🧐The Alternate scenario:
If the price stabilizes below the trigger zone, the setup will be cancelled.
Zrxusdtshort
Short position on ZRXUSDT / Follow for updatesBINANCE:ZRXUSDT
OKX:ZRXUSDT
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
👾The setup is active but expect the uncertain phase as well.
➡️Entry Area:
Yellow zone
⚡️TP:
0.2717
0.2687
0.2657
0.2625
0.2580
SL:
0.2853
The Alternate scenario:
If the price stabilizes above the trigger zone, the setup will be cancelled.
ZRXUSDT trading inside weekly resistanceThe price is trading inside the weekly resistance. The structure looks bullish. However, the price is still inside the resistance zone, so a long is not favorable at this point. The short is also not favorable as the price has momentum and it can move upside erratically.
Zrxusdt - standing on support- important the minimum of the previous day.
- price a pressure to the minimum.
- price makes a near retest a key level
It smells like a false upward move. And then down.
There's also some very bad news:
Update: Following Aave, the Compound community voted to freeze the credit market. The restriction affected 10 tokens: COMP, WBTC, BAT, UNI, LINK, SUSHI, ZRX, AAVE, YFI and MKR.