ZRO Breaking Structure | Bullish Continuation Setup (4H)

Feb 10

From the point where the red arrow is placed on the chart, the corrective phase for ZRO has begun.

Based on the current price structure, this correction appears to be forming a triangle pattern, and price action suggests that we are now developing wave D of this triangle. This indicates that the correction is still ongoing but may be approaching its later stages.

In addition, a short-term descending trendline has been broken to the upside, which is an early bullish signal and supports the idea of a potential continuation move after the correction is completed.

Therefore, on a pullback toward the highlighted green support zone, as well as a retest of the broken trendline, we can look for buy/long opportunities, provided that bullish price action and confirmation signals appear.

The short-term targets are clearly marked on the chart and can be used for partial profit-taking or risk management.

⚠️ Invalidation:
This analysis will be invalidated if a daily candle closes below the invalidation level marked on the chart. In that case, the current bullish scenario would no longer be valid, and the market structure should be reassessed.

If you have a coin or altcoin you want analyzed, first hit the like button and then comment its name so I can review it for you.

This is not a trade setup, as it has no precise stop-loss, stop, or target. I do not publish my trade setups here.

Feb 11

Trade closed: target reached

After the pullback toward the green zone, in a bearish and red market, it pumped over 48% and shot toward the moon.