0⃣ Technical Analysis: LayerZero (
$ZRO )
Market capitalization: $544M.
The ZRO chart shows sideways movement after a price decline. This is a classic setup for breakout trading.
How to trade❔
💬 Buy on an upward breakout. Stop behind the nearest extreme. Take profit before the next resistance level.
💬 Excellent risk/reward ratio. This trade could last more than one day.
💬 On a downward breakout, sell. Stop also behind the nearest extreme. Take profit before the support level. Good risk/reward ratio.
💬 Important: On January 20th, 25.7M ZRO tokens were unlocked (about $41M) – this increased