$ZEREBRO is up 45.33%. I did the math, and it’s not so tempting anymore.
A 45.33% gain means multiplying by 1.45. To fall back to the starting point, it only needs to divide by 1.45—that’s a 31.2% drop. Same distance, but it takes 30% less to get back down than it took to climb up.
I opened my watchlist this morning and saw it: a 24-hour low of 0.0297, a high of 0.0499, and a current price of 0.0437, already 12.4% off the high. The contract traded 250 million U in a day, while open interest was only 11.85 million U—a turnover ratio of 21x. The money basically didn’t stay in overnight.
Looking at that chart, I was itching to jump in, but in the end I closed the page—I sat this rally out. Would you take a shot at a second leg, or are you like me, only watching from the sidelines?
A 45.33% gain means multiplying by 1.45. To fall back to the starting point, it only needs to divide by 1.45—that’s a 31.2% drop. Same distance, but it takes 30% less to get back down than it took to climb up.
I opened my watchlist this morning and saw it: a 24-hour low of 0.0297, a high of 0.0499, and a current price of 0.0437, already 12.4% off the high. The contract traded 250 million U in a day, while open interest was only 11.85 million U—a turnover ratio of 21x. The money basically didn’t stay in overnight.
Looking at that chart, I was itching to jump in, but in the end I closed the page—I sat this rally out. Would you take a shot at a second leg, or are you like me, only watching from the sidelines?