First trade successful on ZRX after it broke the short term downtrend with a bounce off the long term weekly uptrend, finding resistance and being rejected at the 15k sat level. After a small retrace, ZRX has found some support at the 38.2% fib level and looks like it could continue up to retest 15k. If it continues up we will may see a break of this resistance and another bullish
move up to test the daily resistance level
at around 16.3k sat. If ZRX gets rejected again at the 15k level to form a double top
then we may see a further retrace down to support around 14.1k. This level of support aligns with the 61.8% fib level which would be an ideal entry IMO
for the next bullish
Watching closely over the next few candles.
Buy zone around 14.1k sat.