ZRX has finally hit my buy box of 6150-6200 sats. I have been waiting to enter a long term position in ZRX for a while. The coin was manipulated and PND'd for months on account of Coinbase Listing rumors. I believe this retrace has allowed enough retrace for a reversal. Confirmation of a reversal on this chart would be a break and hold of the 7300/7500 range.I will probably enter into a position here (TBD); and will continue to scale in. A break of 5700 (.786 Fib) would signify much more downside in my opinion. I will play this tight and manage risk appropriately- hence my skeptical entry here.
Note: I am not a financial advisor, this chart is meant for educational use only.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.