【$ZORA Signal】Long Position Breakout and Pullback Confirmation

$ZORA After a 19% volume-driven increase, the price is undergoing a healthy consolidation below a key resistance zone. The price action shows continuous absorption of profit-taking by buyers, with no signs of panic selling. This is a typical cooling pattern after a strong breakout.

🎯Direction: Long

🎯Entry: 0.0258 - 0.0260

🛑Stop Loss: 0.0245 (Rigid Stop Loss)

🚀Target 1: 0.0288

🚀Target 2: 0.0315

The rise in $ZORA is accompanied by a simultaneous increase in open interest, which is a clear signal of main capital entering the market, rather than just short covering. After breaking out, the price retraced to the previous high area, forming a support level. On lower timeframes, each pullback was quickly bought back, indicating market sentiment has shifted from hesitation to bullishness. The current consolidation presents a probabilistic advantage for a long entry, with a risk-reward ratio greater than 3:1.

Trade 👇 $ZORA

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