Description
⋅ Hello Traders!
ZRX price is consolidating in the range of $1.04 - $1.16
On the daily timeframe, MA100 is in support, RSI indicator is in the bullish zone.
Volumetric and cluster analysis shows an increase in demand from buyers.
Buy entry can be looked for in two ranges:
1) At current levels of $1.04 - $1.16
2) In case of correction at $0.82 - $0.94.
It is important to consider risk management and always keep some funds for correction.
Stop-loss shall be placed under the $0.75 price level.
Targets for ascending price movement:
$ 1,28
$ 1,61
$ 1,92
$ 2,20
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice