The recent pullback in $ZORA is a healthy correction after a strong bullish move. Corrections like this allow the market to consolidate gains, remove weaker positions, and establish a stronger base for the next upward leg. Retracements are natural and provide traders with cleaner entry opportunities while maintaining a sustainable trend.
Trade Setup:
Entry Zone: $0.04850 – $0.04860
Target 1: $0.04920
Target 2: $0.04985
Stop Loss: $0.04820
This zone is strong because it aligns with previous support near $0.04855 and corresponds with the 0.5 Fibonacci retracement of the recent bullish swing. I’m watching how price reacts here — if this level holds, it could act as a reliable springboard for continuation. They’re building strength in this area, and a bounce from here would indicate renewed bullish momentum.
This setup offers a clear risk-reward while allowing traders to enter confidently with protective stops in place.
#WriteToEarnUpgrade #TrumpTariffs #BinanceBlockchainWeek
ZORAUSDT
Perp
0.04685
-3.85%