Here is another project that is sitting in a very good position; the chart looks great.
0x (ZRXUSDT) has a long-term sequence of higher lows as well as an overall growing chart structure. We have a lower high in March 2024 compared to April 2021 but this isn't bearish, this is just an intermediary high. This is phase 1 of the major 2025 bull-market. In 2025 we will have major growth including a new All-Time High and this will complete the long-term sequence of higher highs and higher lows.
The chart looks perfect in every way and supports maximum growth starting next year. The current price is good for accumulation.
Anything below the current price is good to buy and anything that is also a little bit higher is good to buy if we focus on the long-term, and we trade based on the long-term because in this way we avoid liquidations, whipsaw and losing all of our hard-earned money.
You see, people trade with leverage with the intention of making big money and of making it fast, but I always say, you cannot make money fast if you can't make it slow. The thing is that most people tend to end up losing everything after a small nice run. They become excited, make some mistakes. The mistakes puts them out of balance and the bad decisions due to the lack of balance ends in the total liquidation of their entire capital. And fast, big money turned into a big loss and experience, it is very different with spot trades.
Even if prices drop, there is no risk because you are holding Altcoins, the worst case scenario is taking a small loss, say 20-30%, or waiting long-term. Since we are not in this game to take losses, we spot the bottom, buy-up and wait. The market takes care of the rest. It is amazing how it all works.
➢ Those ready to wait tend to wait and win.
➢ Those read to earn fast tend to lose it all.
Now, we are not all the same and there is money to be made with leveraged trades. It is just that it requires a certain level of maturity that most people just do not have. In order to make money with leveraged trading you need to have money already but the people who use it mainly do so because they want money.
Makes sense?
Thank you for reading.
Namaste.