ZRX broke out again
Updated
I'm posting the signal on the 15min because I think it's the best timeframe to see what's gonna happen in the short period. Basically price broke out but there's a bearish DIV on RSI and CCI (not shown) which indicates price will go down at least in the short period. Moreover ichimoku shows the support is below the triangle's R/S.
To support ichimoku's cloud data you can see on the VLPR there's a huge buy zone on the level right over the triangle's R/S meaning price is very likely to retrace up to that point.
What I would do if I wasn't already in from a long time: I'd set a buy order around 3498 sats to be sure it'd trigger. Enter with 30% of the position and monitor BTC. If BTC will start pumping ZRX will probably lose steam and go even lower the support, if BTC stays as it is right now ZRX will bounce on the support.
Use stop loss.
Good luck!
To support ichimoku's cloud data you can see on the VLPR there's a huge buy zone on the level right over the triangle's R/S meaning price is very likely to retrace up to that point.
What I would do if I wasn't already in from a long time: I'd set a buy order around 3498 sats to be sure it'd trigger. Enter with 30% of the position and monitor BTC. If BTC will start pumping ZRX will probably lose steam and go even lower the support, if BTC stays as it is right now ZRX will bounce on the support.
Use stop loss.
Good luck!
Note
BTC dumped further so this led ZRX to go up, however the retracement I anticipated happened anyway but because of the pump it was contained and 3636-3340 sats became a support area. On the other pair, ZRXUSDT at 15 min price bounced on the ichimoku support. I'd keep my buy order where I told you before and "risk" to lose the train.
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