The Macro Picture šŗļø
ZRO has been in a controlled downtrend since the $1.90 May top ā a clean staircase of lower highs and lower lows. The July bounce topped at $1.05 (another lower high) and price is already rolling back over toward $0.82, with RSI failing under 50 and turning down. Structure still favors the sellers.
The Setup āļø
The Lower High š“
$0.92ā1.05 is the supply band that keeps rejecting price. Until buyers reclaim it on a daily close, every rally into this zone is a fresh short opportunity, not a trend change.
The Breakdown Path š
Losing the $0.82 equilibrium puts the $0.73 June low back in play. A sweep of that low ā where late longs pile their stops ā is the liquidity the next leg down is likely to hunt.
The Roadmap š£ļø
Reject at $0.92 ā lose $0.82 ā flush the $0.73 low ā extend toward $0.70. Invalidation is a clean daily close back above $0.92 ā that breaks the lower-high sequence.
More setups in profile.
#ZRO #LayerZero #crypto #trading #TA #3Commas