ZEL - Trade PlanZEL dropped hard but bounced off strongly off its Strong Support Zone and it could be a false break. The current price action looks bullish and I am targeting the recent highs of $2.68 (potential gain 7%) with a tight stop at $2.38.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ZEL
ZEL.ASX_Breakout Trade_ShortENTRY: 2.42
SL: 2.74
TP1: 2.21
TP2: 1.88
- ADX<25. Would like to be higher.
- RSI<35
- RS and FFI -ve
- MACD -ve
- Breakdown with good volume
ZEL - Buying OpportunityUptrend Confirmed due to recent price action which has confirmed a reversal by pumping upwards and forming a higher high.
1. Price has formed a higher high
2. It has formed a Golden Cross
3. Recent sessions' price action, ( Bearish Candles) indicate that the stock price is pulling back
4. I will be confident to buy in the $2.72 - $2.82 region (Buy Zone) as it is in the 50%-61.8% Fib Retracement Zone (Golden pocket)
5. There is a gap window between $2.73 - $2.96 region (another confluence of Support)
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ZELBTCAlso one of my old coin, which I've mined in 2019, trading on TradeOgre.
Accumulating and just accumulating.
Buy bellow 100 sats.
