ZRX is once again at critical support. Any further drop from this point could drive a continuation to the downside all the way back to the lower $0.20 range. There is a ton of overhead resistance between from $0.5 all the way up to the local high at $1.00. My personal strategy is the same as last time. Long with staggered sell orders up to ~$1.00, but prepare for more serious accumulation if the price breaks down.
Comment
⋅
Looks like it's just a long accumulation cycle. If the daily closes above $0.50, it's going much higher than $1.00. See the follow-up here: