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📈 Technical Analysis: 0x Protocol ( $ZRX )
Market Capitalization: $130 million.
ZRX is currently trading in a sideways channel.
🟡 A great opportunity to catch a breakout in either direction.
How to trade❔
The ZRX chart is perfect for level-based trading – a classic tool for traders who love clear entry points!
Buy Strategy❕
💬 Buy on a breakout above the nearest resistance.
Set stop-loss behind the broken level.
💬 Place profit target before the next resistance level.
Risk/reward ratio looks attractive.
Sell Strategy❕
💬 Sell on a breakdown below support.
Place stop-loss behind the support level.
💬 Set profit target at a distance equal to the channel width.
💬 Currently, the risk/reward ratio for selling is less attractive, but the situation may change as new extremes form.
Conclusion:
ZRX offers an opportunity to execute a classic level-trading strategy. Wait for a clear signal and act with discipline!
📈 Open a trade with $ZRX 🔗 Chat • X • HRUMfamily