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0⃣ Technical Analysis: LayerZero ( $ZRO )
Market capitalization: $544M.
The ZRO chart shows sideways movement after a price decline. This is a classic setup for breakout trading.
How to trade❔
💬 Buy on an upward breakout. Stop behind the nearest extreme. Take profit before the next resistance level.
💬 Excellent risk/reward ratio. This trade could last more than one day.
💬 On a downward breakout, sell. Stop also behind the nearest extreme. Take profit before the support level. Good risk/reward ratio.
💬 Important: On January 20th, 25.7M ZRO tokens were unlocked (about $41M) – this increased supply by 6%. The market has digested this calmly so far, but watch the volumes.
Conclusion:
A classic range breakout strategy. Direction is not yet determined – waiting for a signal from the market.
📈 Open a trade with $ZRO 🔗 Chat • X • JioCoinsX