Hey guys,
I feel the need to give you an update on ZRX.
A small support has formed at the 14.8k levels,which has been confirmed 3 times.
No matter how this plays out,we got a bear flag forming on the 1h candle chart,so i'd recommend you to stay out of ZRX for a while,unless you are already in.
You should also use that purple line as a strict stop-loss point,if you are already on this trade.
Cheers!
I feel the need to give you an update on ZRX.
A small support has formed at the 14.8k levels,which has been confirmed 3 times.
No matter how this plays out,we got a bear flag forming on the 1h candle chart,so i'd recommend you to stay out of ZRX for a while,unless you are already in.
You should also use that purple line as a strict stop-loss point,if you are already on this trade.
Cheers!
Trade closed: stop reached
Trade active:
Guys it looks like we are about to break out of the parallel channel.I suggest placing an alert at the 16.5k sats level and get ready to buy.If the breakout is confirmed,the uptrend will have roughly the length as the flag pole.