#ZROUSDT could be another strong contender

Apr 7

#ZRO

The price is moving within a descending channel on the 4-hour timeframe. It has reached the lower boundary and is trending towards a bounce. A retest of this boundary is expected.

The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition.

There is a key support zone in green at 1.68. The price has bounced off this zone several times, making it a strong support level.

The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move.

Entry Price: 1.77
Target 1: 1.81
Target 2: 1.86
Target 3: 1.92

Stop Loss: At the resistance zone in green

Remember this simple rule: Money Management.

Any questions, please leave a comment.

Thank you.

Apr 8

Trade closed: target reached

#ZRO
Target 1: 1.81
Target 2: 1.86
Target 3: 1.92