The ZORAUSDT 1-hour chart is showing a well-defined triangle pattern, suggesting that the market is consolidating before its next big move. Currently, price action appears to be finalizing wave (e). the last phase before a potential breakout to the downside. ☄️
Key Scenarios to Watch:
Since wave (e) might still need more time to complete, there are two possible entry setups to keep an eye on:
A small upward move to finalize wave (e) before a reversal.
A direct breakdown from the triangle structure without retesting the upper trendline.
Both scenarios lean toward a bearish continuation, but traders should wait for confirmation signals such as volume spikes or strong rejection candles before entering. 🔜
Trading Plan and Target Zones:
There are three target levels highlighted on the chart, each representing a potential reaction zone for traders. The key strategy here is to set layered entries and exits to cover both the black and red scenarios while maintaining strong risk management. 🚩
Outlook for ZORAUSDT:
If this pattern plays out, ZORAUSDT could offer one of the cleaner short setups in the market. Watching for a confirmed breakout and retest could give traders the edge in catching the next major move. Stay alert and ready for volatility. ⚡
