I opened a $ZRO long while scrolling on my phone last night. My entry price was 1.842, and I’ve held it for three hours. The current price is 1.888, with an unrealized profit of 37U and a 16% return at 3x leverage. Trading volume is 10M, and the price is down 6.72% over 24 hours. It’s still grinding lower; the intraday high was 2.139 and the low was 1.886. The current price is hovering near the low, and the rebound hasn’t been particularly strong so far. The funding rate is 0.005%, so the cost of holding the long is still manageable, but I won’t rush to add to the position until the price stabilizes.
My entry price is 1.842, my stop-loss is 1.584, and my take-profit is 2.154. If the key support breaks, I’ll need to reassess. If the price really reaches my stop-loss at 1.584, I’ll admit this long was wrong and exit. If the rebound approaches 2.139, I’ll watch for selling pressure; if it reaches my take-profit at 2.154, I’ll take profits as planned. I’m holding my 233U position for now and won’t rush to lock in the gains. The main thing I’m watching is whether the price can stabilize near the low.
My entry price is 1.842, my stop-loss is 1.584, and my take-profit is 2.154. If the key support breaks, I’ll need to reassess. If the price really reaches my stop-loss at 1.584, I’ll admit this long was wrong and exit. If the rebound approaches 2.139, I’ll watch for selling pressure; if it reaches my take-profit at 2.154, I’ll take profits as planned. I’m holding my 233U position for now and won’t rush to lock in the gains. The main thing I’m watching is whether the price can stabilize near the low.