$ZRO — Mid-Channel Pullback at Local Supply ⚖️

[theSignalyst]

$ZRO has been climbing inside a rising channel since July. Price just tapped the $2.40–$2.50 supply (blue zone) and is pulling back toward the channel midline / supports.

Key levels

Support: $1.88 (channel mid / structure), then $1.53 (channel base).

Resistance: $2.40–$2.50 (local supply), then $3.00 and $3.35 (major ceilings).

Read

While the trend is up, the $2.40–$2.50 block is capping price.

Best long setups typically form on pullbacks to $1.88 (with bullish rejection) or on a clean break & retest above $2.50.

Scenarios

Bullish : Reclaim $2.50 → continuation to $3.00 then $3.35.

Bearish : Lose $1.88 → rotation to $1.53 (channel bottom) before bulls try again.

What’s your play here—buy the dip at $1.88 or wait for confirmation above $2.50?

️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

Stick to your trading plan regarding entries, risk, and management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr