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$ZORA just made a violent expansion after a long period of compression, and I’m focusing on the reaction, not the hype.
The reason I’m interested here is the structure before the move. Price spent a long time bleeding slowly, then flushed liquidity near 0.020 and immediately reversed with strong momentum. That tells me accumulation was already done below. The vertical push wasn’t random, it was a release of stored pressure.
After the spike into the 0.048 area, price pulled back instead of collapsing. That’s important. Strong moves that hold structure usually offer continuation or at least a clean retrace trade.
Market read
I’m reading this as a breakout followed by healthy cooling. Sellers tried to push it down but failed to erase the impulse. As long as price holds above the breakout base, continuation remains valid.
Entry Point
0.0360 – 0.0380
I’m looking for stability in this zone. No chasing highs.
Target Point
TP1: 0.0420
TP2: 0.0480
TP3: 0.0550
These are logical liquidity and extension levels from the impulse leg.
Stop Loss
0.0315
Below the breakout base. If price loses this area, momentum is gone.
How it’s possible
Liquidity was taken at the lows, strong buyers stepped in, and price expanded aggressively. The current pullback is profit-taking, not panic selling. If demand continues to defend the breakout zone, price naturally looks for the next liquidity pocket above recent highs.
Risk is defined. Momentum is proven. I’m trading continuation, not emotion.
Let’s go and Trade now $ZORA