#ZRX LTF Analysis: $ZRX has broken out of a descending channel on the 4H timeframe. $ZRX pushed above channel resistance and is now pulling back to retest the breakout zone, which is a healthy structural behavior. If this retest holds above the former channel resistance / EMA support, the $ZRX structure remains bullish and continuation to the upside is likely. Losing this level would invalidate the breakout and send price back into the range.
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