Hey fam ! quick structure update on $ZRO
Price just tapped major 4H resistance again and printed rejection near 2.45. That’s giving double-top vibes, especially after the sharp breakout from the falling channel.
That last vertical candle looks more like a liquidity grab above resistance rather than a clean, sustainable breakout. When price expands aggressively into a key HTF level and immediately rejects, it often signals short-term exhaustion.
If momentum continues to fade here, a deeper pullback toward the previous imbalance / value zone becomes likely.
Setup idea:
Entry: 2.25 – 2.32
Target 1: 2.00
Target 2: 1.75
Stop Loss: 2.46
After a 30%+ move, markets usually cool off before the next real leg. Expansion → rejection → retrace → re-accumulation. That’s a common rhythm.
Watch volume on the next push.
If buyers can’t reclaim 2.45 with strength, sellers may take control short term.
Stay patient. Structure first, emotions later.