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ZRX/USDT (Futures) Potential Upward Movement

ZRX/USDT (Futures) Long-Term Trend: Bullish

Key Resistance Levels: 1.0392, 1.1570, 1.2554.

Key Support Levels: 0.9355, 0.8986, 0.8254.

Daily Time Frame:

The price on the higher time frame succeeded to break the bearish trendline to the upside after posting a double bottom formation which led to a reversal. the market as well managed to break the resistance level (now support) around the 0.9430 USDT mark. this could lead to a further move to the upside.

ZRX/USDT (Futures) Medium-Term Trend: Bullish

1-Hr Time Frame:

On the lower time frame, the price succeeded to break the bullish flag formation to the upside after finding buyers near the support level. A lower correction could be seen before a new bullish impulsive wave toward the target profits.

Buy Market Order @ 0.9411

TP 1 @ 1.0341

TP 2 @ 1.1570

Stop Loss @ 0.8958

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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