Currency $2Z Trading Alert 💹
Range-bound — recommendation
Entry range: 0.06422-0.06488
Stop loss: 0.06388
Targets: 0.06524, 0.06580, 0.06649
Technical analysis: 2Z is really grinding you at this spot. 0.06455 has been wobbling all day; the two EMAs at around 0.06 are stuck together like dead fish, unable to cross no matter what. RSI 46.5 is neither up nor down—so you can’t really call it weak because it hasn’t broken out, and you can’t call it strong either because it’s got no drive. If retail traders chase in here, it’s basically handing exchange fees to the exchange. I’ve been watching the chart until my eyelids are fighting each other. I set the stop loss at 0.063883—once it breaks, I’m out. If it doesn’t, I’ll keep waiting it out. This market is like that thing for middle-aged men: limp and still stubbornly holding on. Other coins run, it doesn’t follow; when it drops, it plays dead—shaking the nerves right out of you, making you want to throw up. Wait: either it breaks through 0.0638 and accelerates, or it grinds up to around 0.0655 and you try again. Anyway, I’m not going in heavy. You decide your position size yourself—don’t stay up late to keep suffering through this with it.
Suggested stop-loss level: 0.063883, please adjust position size according to your own risk tolerance
#2Z