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 🙂