$ZETA trading setup

### **Trading Setup for ZetaChain (ZETA/USDT) on Gate.io (30-Min Chart)**

#### **Chart Analysis:**
- The chart follows **Elliott Wave Theory**, displaying a **five-wave impulse pattern**.
- The price action suggests a bullish trend with clear **Wave 1, Wave 2, Wave 3, Wave 4, and a potential Wave 5** in progress.
- The **substructure of Wave 3** is also labeled, indicating smaller impulsive moves within the larger wave.
- The volume bars at the bottom show **increased buying activity**, supporting the uptrend.

#### **Current Market Conditions:**
- **Price:** **$0.4021** (-3.11%)
- **High:** **$0.4176**
- **Low:** **$0.3866**
- **Volume:** **2.31M**

#### **Trading Strategy:**
1. **Entry Zone:**
- **Wave 4 pullback** is an ideal **buying opportunity** before Wave 5 continuation.
- Potential **support levels** around **$0.38 - $0.40**.

2. **Target Zones:**
- **Wave 5 target:** $0.60 - $0.70 (based on previous wave extensions).
- **Long-term:** If the pattern holds, price could extend beyond **$0.85+**.

3. **Stop Loss:**
- Below **Wave 4 low** (around $0.36-$0.38) to minimize risk.

4. **Confirmation:**
- If price breaks above **Wave 3 high (~$0.42-$0.43)** with volume, it may confirm **Wave 5 continuation**.

#### **Risk Management:**
- **Risk-to-Reward Ratio:** Aim for **1:3 or higher**.
- Monitor **volume spikes** and **market conditions** for validation.

#### **Conclusion:**
- This setup suggests **bullish momentum**, aligning with Elliott Wave structure.
- If Wave 4 holds support and **Wave 5 plays out**, it presents a **good risk-reward trade**.
- Traders should **watch for confirmation** and **adjust stop-loss accordingly**.