ZRX/USDT Retesting phase to continue upward movement.
💎 ZRX has undeniably captured significant attention in the market. Currently undergoing the retesting phase within the support area after a notable breakout from the pattern and resistance, marked by a surge in green bullish candles.
💎 Anticipating ZRX's approach to the support level in the near future, there's a likelihood of either rejection or a bounce from this level, probability it back into an upward movement and targeting our supply area.
💎 However, if the scenario deviates from expectations and ZRX fails to bounce, leading to a breakdown of the support area, the potential downside could extend to the next lower demand zone at $0.317. In this situation, ZRX would necessitate a bounce to reclaim the resistance area at $0.390. Failure to regain this area might result in ZRX breaking through the demand level, continuing its descent towards a robust support area.
💎 Anticipating ZRX's approach to the support level in the near future, there's a likelihood of either rejection or a bounce from this level, probability it back into an upward movement and targeting our supply area.
💎 However, if the scenario deviates from expectations and ZRX fails to bounce, leading to a breakdown of the support area, the potential downside could extend to the next lower demand zone at $0.317. In this situation, ZRX would necessitate a bounce to reclaim the resistance area at $0.390. Failure to regain this area might result in ZRX breaking through the demand level, continuing its descent towards a robust support area.
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