ZRX recently broke bullishly from a pennant, hit resistance around 2400sats and is currently retesting previous resistance (now support) as expected.
Ghost bars represent the ideal path over the coming days if we look to push higher and break out from this triangle-within-triangle pattern (green).
I have a SL set at 2200sats currently, as there is potential for us to fall hard if this pattern breaks down.
A target around the 50MA on the daily (currently ~3620 sats) would be possible, but 2750sats and 3000sats are good areas to take profit.
The risk of us breaking down is relatively high, so take appropriate precautions.
Ghost bars represent the ideal path over the coming days if we look to push higher and break out from this triangle-within-triangle pattern (green).
I have a SL set at 2200sats currently, as there is potential for us to fall hard if this pattern breaks down.
A target around the 50MA on the daily (currently ~3620 sats) would be possible, but 2750sats and 3000sats are good areas to take profit.
The risk of us breaking down is relatively high, so take appropriate precautions.