Technical analysis by AltcoinPiooners about Symbol ZRO: Sell recommendation (18 hour ago)

ZROUSDT Price Action and Key Levels Timeframe: 4-hour (ZROUSDT.4h). Current Price: As of the latest candle, the price appears to be around 2.292 USDT (based on the right-side price scale). Historical Movement: The chart shows a significant downtrend from early July, followed by a recovery and recent consolidation around the 2.0–2.5 USDT range. Support and Resistance: SL (Stop Loss): Marked at 1.127 USDT (red line), indicating a potential exit point if the price drops further. DCA (Dollar-Cost Averaging): Set at 2.389 USDT (black line), suggesting a level for additional buying. Entry: Two entry levels are marked at 2.300 USDT (purple line) and 2.389 USDT (green line), indicating planned buy zones. Take Profit (TP) Levels: TP1: 0.786 (2.158 USDT, orange line). TP2: 0.618 (2.047 USDT, orange line). TP3: 0.5 (1.969 USDT, orange line). TP4: 0.169 (1.649 USDT, green line). These levels likely represent Fibonacci retracement or extension levels, with TP1–TP3 showing potential profit targets and TP4 a deeper support. RSI Analysis Indicator: The Relative Strength Index (RSI) is plotted at the bottom, with a scale from 0 to 100 and overbought (70) and oversold (30) levels marked. Current RSI: Around 78.30, indicating the asset is in overbought territory as of the latest data point (late August). Trend: The RSI has been rising sharply, suggesting strong bullish momentum, but the overbought condition may signal a potential reversal or consolidation soon unless supported by further price action. Observations The price is currently above the entry levels and near the TP1 zone, suggesting a profitable position if entered at the lower levels. The overbought RSI could indicate a risk of a pullback toward the DCA or TP2 levels (around 2.0–2.1 USDT). The chart reflects a trading strategy with predefined entry, exit, and profit-taking levels, likely based on technical analysis (e.g., Fibonacci or support/resistance). Conclusion The ZRO/USDT pair shows a recovery from its earlier lows, with the price nearing profit-taking zones and an overbought RSI suggesting caution. Monitoring for a potential pullback or breakout above current levels would be key.TP 1 FILLED +6.35% PROFIT