$ZRO has retraced after a significant rise, forming a healthy reset. The 4H level shows clear buying absorption, with a deep imbalance leaning towards bullishness. The negative funding rate keeps the position stable, and the risk of a short squeeze is low.
🎯 Direction: Go long
🎯 Entry: 2.15 - 2.18
🛑 Stop loss: 2.07 (break below the previous low and EMA50 support, strict stop loss)
🚀 Target 1: 2.38 (previous high resistance)
🚀 Target 2: 2.58 (ATR projection)
Market analysis: After the price breaks through EMA20 (2.0205) with significant volume, it retraces to the previous high converting support zone (2.15-2.18). The 4H candlestick shows that the last bullish candle had a buying ratio of 56%, indicating active absorption during the pullback.
Hardcore logic: Key data forms resonance. 1) Funding rate -0.0129% + stable OI, excluding strong players lifting prices to sell, more inclined towards a short squeeze or healthy pullback. 2) Deep imbalance -8.65%, sell orders (Asks) are piled up at 2.1847 with 1417.5K, but the thickness of buy orders (Bids) below continues to show that selling pressure is being orderly absorbed. 3) Technical aspect: RSI 58.9 corrected to a healthy zone, price remains stable above EMA20, and the trend structure is intact. The retracement level is also a previous order block, meeting conditions for a high win rate in going long.
Risk control core: Stop loss set at 2.07, where there is multiple support from the previous low and EMA50, breaking below this would invalidate the logic. Risk-reward ratio > 2.5, consistent with mathematical advantage.
Trade here 👇
$ZRO ---
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