ZRX/USDT - Entry, Stop loss and Sell targets.ZRX/USDT -
Entry(blue line), Stop loss (yellow line), targets (red line).
ZRX/USDT has started its uptrend which can clearly be seen in the chart, it can come to retest its support(which is marked by blue line) that would be ideal entry that we can take, after testing its support ,then it can move in the trend direction and go to hunt its highs...
and, if this is a false trend then it will break the support level and we can see a reversal, for such instances only we set up stop loss(sl) orders, SL level (marked by the yellow line) if the price touches the yellow line that will confirm that it was a false uptrend and we will close the trade their,
According to me the price will come and test the support level and then it will start the rally ,
So now we can talk about sell targets, sell targets (marked by the red line) we can also see them as the resistance level, they are the ideal positions where we can exit the trade, if you are aiming for the short term you can go for first three resistance levels and if you are a swing trader or long term trader you go for further levels.......
Entry - $1.65 - $1.56
Stop loss - $1.45
sell targets - (i)Short term - $1.75 - $1.89 - $2.03
(ii) long term - $2.40 - $3.65
