๐ ZRX has undoubtedly garnered our attention. Presently, ZRX is navigating within a descending channel, having successfully reclaimed the demand zone and subsequently embarked on a notable ascent toward the $0.231 supply point, only to face rejection.
๐ It's conceivable that ZRX might retreat to the demand level for a retesting phase, gathering fresh momentum to breach the supply barrier. Should ZRX manage to puncture the supply zone promptly, it could potentially shatter the descending channel constraints, propelling itself toward a higher supply region.
๐ However, there's a precarious scenario at play. If, during the retesting, ZRX falters at the demand level, piercing through and closing beneath it, this would signal a bearish turn for ZRX. Under these circumstances, it's likely that ZRX would sustain its descent, steering toward a substantial demand frontier.
๐ It's conceivable that ZRX might retreat to the demand level for a retesting phase, gathering fresh momentum to breach the supply barrier. Should ZRX manage to puncture the supply zone promptly, it could potentially shatter the descending channel constraints, propelling itself toward a higher supply region.
๐ However, there's a precarious scenario at play. If, during the retesting, ZRX falters at the demand level, piercing through and closing beneath it, this would signal a bearish turn for ZRX. Under these circumstances, it's likely that ZRX would sustain its descent, steering toward a substantial demand frontier.
Trade closed: target reached:
Nailed it again - #ZRX is up 47.04%, right on cue!
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