$ZORA/USDT SHORT TRADE SETUP
$ZORA is currently trading at 0.02631, reflecting a sharp -29.06% decline as selling pressure intensifies. After failing to sustain its move toward the 24-hour high of 0.04000, the price has plummeted toward its local support levels. The 15m chart indicates a series of lower highs, with the price recently bouncing slightly off a 24-hour low of 0.02447. Despite this minor relief, the overall technical outlook remains bearish as long-term performance continues to deteriorate, showing significant drops of -33.71% over 30 days and -56.13% over 90 days. With heavy liquidations and weak buyer interest, the asset is at risk of further downside testing as it struggles to reclaim key moving averages.
Target Points
TP1: 0.02529 (Immediate support level based on recent consolidation)
TP2: 0.02422 (Targeting a fresh retest of the major psychological floor)
TP3: 0.02250 (Extended target near long-term accumulation zones)
Stop Loss
Set stop loss above 0.02928 to protect against a potential breakout or a reversal toward previous local resistance peaks.
Buy and Trade here on $ZORA
