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$ZRO surging with 8.2x buy volume spike, can it sustain?
- The 8.2x volume surge with a sharp price increase almost always points to either the start of a new bullish leg or a liquidity grab before a real move. With all indicators flashing bullish, this is more likely smart money accumulation pushing for higher prices.
- My expectation is for short-term continuation upward, but a retracement into the newly-created bullish imbalance or demand zones (2.08โ2.058, possibly even 2.035) is likely before another leg up.
- The ideal trade setup is to wait for price to dip into 2.08โ2.058, watch lower timeframes for bullish reversal signs (like a strong engulfing candle or multiple rejections of the zone), and enter long with targets at 2.118, 2.215, and 2.275.
- If price fails to hold above 2.023 and closes below this structure, Iโd consider the bullish momentum in danger and would stay out or look for bearish setups if lower supports also break.
- Avoid FOMO; let price come to you and only enter on clear confirmation.
๐ This is not investment advice, only an educational analysis report. If you decide to trade, always wait for confirmations and manage your risk appropriately. ๐
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