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Hxlaw
Hxlaw
$ZORA Trend & Price Structure • Growth signal: The price is keeping green (+6.65%) at 0.01042. The structure of short-term moving averages (MA5, MA10) has cut above the long-term lines (MA60, MA120), confirming that the uptrend has just been activated. • Short-term discharge pressure: After reaching a peak of 0.01143 with a large buying volume, the two nearest candles turn red (sell) with a long candlestick above. This shows that the profit-taking force is strong, forcing the price to adjust again. Trading plan • Support area (Waiting to buy): Do not buy and chase. Please patiently wait for the price to recheck the dynamic support area from 0.01005 - 0.01033 (the confluence between the MA120 and MA5 lines). • Resistance zone (Take profit): Short-term target at 0.011100 and further than the old peak 0.01143. • Stop Loss (Stop Loss): Close the position completely if the 1-hous candle closes through the hard support area of 0.00980 (below MA60 and MA30).

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