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Hxlaw
Hxlaw
$ZORA ZORA is giving a short-term recovery signal after bottoming around 0.01084 USDT. A strong increase with a sudden trading volume shows that buying force is returning and the bulls are trying to gain control. Positive points: ● The price has surpassed MA5, MA10 and MA60. ● The sharp increase in volume confirms the real demand force. ● The short-term downtrend shows signs of weakness after a series of accumulated candles around the bottom. Reference purchase area: ● Buy when the price is kept above 0.01150 – 0.01160. ● Can wait for the retest rate of the 0.01130 - 0.01140 area to have a better risk/return ratio. Goal: ● TP1: 0.01195 - 0.01210 ● TP2: 0.01250 ● TP3: 0.01300 – 0.01370 if the cash flow continues to be maintained. Cut loss: ● Below 0.01100 USDT or below the nearest bottom of 0.01084 USDT. Note: The big trend has not been completely reversed because the price is still below MA20 and MA30. The current signal is suitable for short-term trading following the recovery momentum, it is necessary to monitor the volume in the next candles to confirm the breakout.

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