Long

XZC 10/5/2017 | Key Levels

XZC has been trading in a range for a few months bouncing down from anywhere in the 320k to 400k SATs range down to 200k - 180k SATs where it usually rallies very strongly with huge orders coming in. This most recently rally saw by far the most volume XZC has seen since launch as major buyers layered in positions ahead of tech upgrades, the introduction of znodes (company is currently working on), and the potential introduction of new exchanges. The recent sell off was kicked off by an issue in the code which the team quickly fixed.

I picked up a position near the recent bottom took some profits in the 300s but would be looking to add to my position from 230k SATs down. If we rallied higher I'd take some profits in the 350k-400k range and let the rest run.
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