$ZRX has finally hit my buy box of 6150-6200 sats
. I have been waiting to enter a long term position in ZRX for a while. The coin was manipulated and PND'd for months on account of Coinbase Listing rumors. I believe this retrace has allowed enough retrace for a reversal. Confirmation of a reversal on this chart would be a break and hold of the 7300/7500 range.
I will probably enter into a position here (TBD); and will continue to scale in. A break of 5700 (.786 Fib) would signify much more downside in my opinion. I will play this tight and manage risk appropriately- hence my skeptical entry here.
Note: I am not a financial advisor, this chart is meant for educational use only.