ZRX has shown a significant drop of -9.90% (1d) with a high trading volume relative to its market cap (18.31% Vol/Mkt Cap), indicating strong market activity but also increased volatility. The price is currently consolidating near the daily low of $0.4801, a key level of support. This suggests potential for a bounce in the short term or a further drop if support is broken. Scalping opportunities exist on both sides depending on how price action evolves around the $0.48 level.
Given the recent performance and consolidation patterns, a scalping strategy can be set up for both long and short positions with tight stop-losses to mitigate risk.
Action (Long Position):
Entry Range: $0.4800 - $0.4850
Stop-Loss (SL): $0.4750
Take-Profit (TP): $0.4950 - $0.5050
Action (Short Position):
Entry Range: $0.4900 - $0.4950
Stop-Loss (SL): $0.5000
Take-Profit (TP): $0.4700 - $0.4600
🥂 Trade Now (Link in Bio)