Zeus Network (ZEUSUSDT): Breakout and Potential 7x Gains?
Updated
Hello everyone,
Let's have a detailed analysis of #ZEUSUSDT.
Zeus Network (ZEUSUSDT), a project aiming to bring Bitcoin liquidity to Solana, is generating some bullish signals.
Breakout and Retest:
ZEUS recently broke out of a long-term parallel channel, a potential sign of a trend reversal.
Currently, ZEUS is retesting the breakout area, which is a healthy sign for the breakout's validity.
Additionally, the price is trading above the 200-day Moving Average (200MA), another bullish indicator.
Price Target:
The analysis suggests a significant upside potential of around 728% for ZEUS post-retest.
Supporting Factors:
Strong fundamental concept: Bridging Bitcoin liquidity to Solana.
Daily timeframe chart shows a promising rally after the breakout.
Trading Strategy:
Entry: Consider entry at the current market price (CMP) and around $0.0027 with additional accumulation during potential dips above the 200MA for additional confirmation.
Stop Loss: A daily close below the 200MA would indicate a trend reversal, acting as a stop-loss point.
Profit Targets:
Target 1: $0.004681
Target 2: $0.008183
Target 3: $0.014903
Target 4: $0.023604
Happy trading!
Let's have a detailed analysis of #ZEUSUSDT.
Zeus Network (ZEUSUSDT), a project aiming to bring Bitcoin liquidity to Solana, is generating some bullish signals.
Breakout and Retest:
ZEUS recently broke out of a long-term parallel channel, a potential sign of a trend reversal.
Currently, ZEUS is retesting the breakout area, which is a healthy sign for the breakout's validity.
Additionally, the price is trading above the 200-day Moving Average (200MA), another bullish indicator.
Price Target:
The analysis suggests a significant upside potential of around 728% for ZEUS post-retest.
Supporting Factors:
Strong fundamental concept: Bridging Bitcoin liquidity to Solana.
Daily timeframe chart shows a promising rally after the breakout.
Trading Strategy:
Entry: Consider entry at the current market price (CMP) and around $0.0027 with additional accumulation during potential dips above the 200MA for additional confirmation.
Stop Loss: A daily close below the 200MA would indicate a trend reversal, acting as a stop-loss point.
Profit Targets:
Target 1: $0.004681
Target 2: $0.008183
Target 3: $0.014903
Target 4: $0.023604
Happy trading!
Note
the price is trading above the 50-day Moving Average (50MA)Profit Targets:
Target 1: $0.4681
Target 2: $0.8183
Target 3: $1.4903
Target 4: $2.3604
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