ZRO has reached 2.19, so I’m making a second adjustment to the position I started around 1.91.
Yesterday, when ZRO returned to around 1.90–1.92, I opened my first position.
My plan was clear at the time:
My first target was 2.05–2.10. After it broke above the previous high of 2.13, I would decide what to do with the remaining position.
Now the price is around 2.19, and both conditions have been met.
So I won’t chase the price just because it’s up 11% today.
As planned, I’ll trim part of my position again, locking in the gains from 1.91 to 2.19, while keeping the rest to follow the trend.
There’s another noteworthy development today:
LayerZero has bought back another approximately 162,000 ZRO, worth about $347,000, bringing total buybacks to approximately $5.4 million.
But for me, good news is only a supporting factor—the price is the final answer.
Going forward, if 2.13–2.15 can turn from resistance into support, I’ll keep holding the remaining position, with the next target around 2.30.
If it breaks out but then quickly falls back below 2.10, I’ll reduce my position further rather than give back to the market profits I’ve already secured.
Yesterday, I was willing to open my first position around 1.91.
Today, around 2.19, I should start thinking about how to protect my profits.
I’ll keep following this trade.
$ZRO
Yesterday, when ZRO returned to around 1.90–1.92, I opened my first position.
My plan was clear at the time:
My first target was 2.05–2.10. After it broke above the previous high of 2.13, I would decide what to do with the remaining position.
Now the price is around 2.19, and both conditions have been met.
So I won’t chase the price just because it’s up 11% today.
As planned, I’ll trim part of my position again, locking in the gains from 1.91 to 2.19, while keeping the rest to follow the trend.
There’s another noteworthy development today:
LayerZero has bought back another approximately 162,000 ZRO, worth about $347,000, bringing total buybacks to approximately $5.4 million.
But for me, good news is only a supporting factor—the price is the final answer.
Going forward, if 2.13–2.15 can turn from resistance into support, I’ll keep holding the remaining position, with the next target around 2.30.
If it breaks out but then quickly falls back below 2.10, I’ll reduce my position further rather than give back to the market profits I’ve already secured.
Yesterday, I was willing to open my first position around 1.91.
Today, around 2.19, I should start thinking about how to protect my profits.
I’ll keep following this trade.
$ZRO