$ZRO has finally broken out of its long-lasting descending channel after weeks of steady lower highs and lower lows. A strong rebound from the channel bottom, backed by rising volume, pushed $ZRO cleanly above the upper trendline—marking the first real sign of trend reversal since October.
If $ZRO holds above the breakout zone around 1.35–1.40, momentum favors continuation toward the 1.50 resistance next. As long as $ZRO doesn’t fall back into the channel, dips toward the retest area can offer opportunities for continuation plays.
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#ZRO HTF Analysis:**
$ZRO has finally broken out of its long-lasting descending channel after weeks of steady lower highs and lower lows. A strong rebound from the channel bottom, backed by rising volume, pushed $ZRO cleanly above the upper trendline—marking the first real sign of trend reversal since October.
If $ZRO holds above the breakout zone around 1.35–1.40, momentum favors continuation toward the 1.50 resistance next. As long as $ZRO doesn’t fall back into the channel, dips toward the retest area can offer opportunities for continuation plays.