【$ZRO Signal】Long | Pullback to Support, Buying Absorption

$ZRO After volume surge and price rally, the price pulls back to a key support level, forming a healthy reset. Clear absorption of buy orders at the 4H level indicates a deep imbalance favoring the bulls. With negative funding rates, open interest remains stable, and short squeeze risk is low.

🎯Direction: Long

🎯Entry: 2.15 - 2.18

🛑Stop Loss: 2.07 (Breaks previous low and EMA50 support, rigid stop loss)

🚀Target 1: 2.38 (Previous high resistance)

🚀Target 2: 2.58 (ATR projection level)

Market Analysis: After volume breakout above EMA20 (2.0205), the price pulls back to the previous high turn support zone (2.15-2.18). The 4H candlestick shows the last bullish candle has a buy ratio of 56%, indicating active buy absorption during the correction.

Core Logic: Key data points resonate. 1) Funding rate at -0.0129% + stable open interest, ruling out major whales pushing the price up for distribution, leaning towards short squeeze or healthy correction. 2) Depth imbalance at -8.65%, with ask orders stacking at 2.1847 totaling 1,417.5K, but bid orders below remain thick, showing orderly absorption of sell pressure. 3) Technical: RSI at 58.9, indicating a healthy zone; price remains above EMA20, and trend structure is intact. The pullback zone also aligns with previous order blocks, supporting high-probability long entries.

Risk Management: Stop loss set at 2.07, which is a confluence of previous low and EMA50 support. Breaking below invalidates the logic. Risk-reward ratio >2.5, ensuring mathematical advantage.

Trade here 👇 $ZRO

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