$ZRO 24h is up 11%, and now it’s hovering around 2.1, unable to break past the 2.148 high. This unlock overhang is really something. Foundation buybacks have been supporting the price, but 23 million tokens unlock on the 20th, just 4 days from now. Who’d dare go all-in and push it higher right now?
My take: I wouldn’t chase it here. If it breaks below the 2.0 psychological level, I’d cut my losses and look for 1.8. If it holds, I’d take a shot at a sentiment-driven bounce before the unlock. I’ve seen plenty of sell-offs ahead of unlocks; sometimes the best move comes once the overhang is gone. Where are you placing your limit orders? Have you entered yet?
#解锁行情 #Altcoins
Not investment advice. DYOR
My take: I wouldn’t chase it here. If it breaks below the 2.0 psychological level, I’d cut my losses and look for 1.8. If it holds, I’d take a shot at a sentiment-driven bounce before the unlock. I’ve seen plenty of sell-offs ahead of unlocks; sometimes the best move comes once the overhang is gone. Where are you placing your limit orders? Have you entered yet?
#解锁行情 #Altcoins
Not investment advice. DYOR