$ZRO
The rebound has reached the top! This wave is a standard trap to lure in buyers!
The market movement is very clear; the price has been pulled to the range of 1.76–1.86, and it has obviously started to lose momentum—K-line bodies are getting smaller, and upper shadows are frequent, a typical rejection signal. While it is said to be an uptrend, in essence, it is just a corrective rebound, not a trend reversal at all!
Why short here?
Because this wave of rise shows no expansion momentum; it reached the previous supply zone (a dense area of trapped positions) and immediately softened. Buyers have tried several times but can't push out of the range; looking at it from a lower time frame makes it clearer—this is not accumulation, but distribution! The main force is offloading shares to the retail traders chasing highs.
The trading plan is as follows:
· Entry: 1.76 – 1.86 jump in
· Stop loss: 1.95 (set here to prevent a false breakout)
· Targets: First stop 1.68, second stop 1.55, third stop watch for 1.38!
The logic is very simple: if this resistance zone cannot stabilize for a long time, and the price cannot go up, then after the bulls scatter, it will sweep down directly to pick up liquidity—meaning the positions that were pulled up previously but did not stabilize.
The risk-reward ratio is very appealing! Now is the golden point for left-side layout! Set a good stop loss and wait for a waterfall!🚀