“ZRX Momentum Check: Continuation vs. Exhaustion Levels to Watch”
$ZRX Evidence Breakdown
1. Volume Profile — Healthy, Not Climactic
The pump was accompanied by elevated but sustained volume, not a single vertical spike.
No sharp volume collapse after the high → suggests participation, not just late chasing.
Exhaustion signals typically show: One large impulse candle
Immediate volume drop
Fast retrace of 50%+ of the move
➡ This has not occurred.
2. Market Structure — Higher Low Intact
Key intraday structure:
Impulse leg up
Pullback holding above 0.158–0.160
Price acceptance above prior resistance (~0.150)
This is classic bullish continuation structure.
Exhaustion would require:
Loss of 0.155
Acceptance back inside the pre-pump range
➡ Not yet happening.
3. Candle Behaviour — No Distribution Pattern
No long upper wicks clustered at highs
No repeated rejection from the same level
Pullbacks are shallow and bought quickly
This argues against distribution by large holders.
4. Contextual Catalyst Logic
ZRX pumped on:
Exchange-driven attention
Infrastructure narrative rotation (DEX / execution layer)
These moves typically:
Extend 1–3 sessions
Consolidate before continuation
Rather than ending same-day.
Key Levels That Decide the Outcome
Continuation Confirmed If: Holds above 0.155
Reclaims 0.175–0.180 with volume
Target extension zone:
0.195 – 0.210
Exhaustion Confirmed If:
Hourly close below 0.155
Failed reclaim of 0.160
If that occurs, expect:
Mean reversion toward 0.145 – 0.150
Sideways chop, not immediate collapse
Probability Assessment (Today)
Continuation / consolidation then push: ~65–70%
Short-term exhaustion & deeper pullback: ~30–35%
Actionable Guidance (Spot Holder at 0.165)
Your 0.155 stop is correctly placed at the invalidation point
No reason to exit early unless:
0.155 breaks on volume
If price trades >0.180, reduce risk immediately (trail or BE)
Bottom Line
This is not a classic top.
It is a pause after expansion, which favours another attempt higher unless structure breaks.
