$ZORA Preparing to go long—catch a short-term bounce.



The 1-hour RSI is already severely oversold. At this level, there may be an oversold rebound, and I’m planning to buy the dip to do a mean reversion. Entry can be watched in the range of 0.006131 to 0.006288. The first target is 0.006548; if it breaks through, then look at 0.006819. If it falls below 0.005886, then you have to admit you’re wrong.

But be careful about the risk: currently the 1-hour timeframe is still a strong downtrend. If the rebound gets capped by the MA25, it may keep dropping. Don’t go all-in and YOLO—control your position size according to your account. Also, $AKE and $B you can take a quick look as well.
ZORA-6.86%
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