#美联储恢复降息进程 This trend is quite interesting, what does everyone think?
From a technical perspective, has this coin completely broken away from the previous downtrend channel? I see that the chart shows the highs continuously declining, which is a typical oscillating downtrend pattern. If this pace continues, it seems like a strategy to position for short positions in the medium to long term.
In this adjustment cycle of altcoins, choosing the right targets is really crucial. Currently, with this pattern of $ZORA , do you think there is still a chance for a reversal, or should we continue to follow the overall weakness of $ZORA ? Feel free to share your thoughts.
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GasFeeNightmare
· 13h ago
Continuing to decline? Isn't that a death spiral? This time it really can't come back.
Short order? I don't have the guts for that, I'd rather miss out than get crushed.
ZORA is following ETH, it doesn't have much of its own opinion, better to wait for the bottom signal.
Even the Fed's interest rate cuts don't work anymore, altcoins still depend on luck.
This pattern looks uncomfortable, I think I'll just wait and see, everyone.
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StakoorNeverSleeps
· 12-01 10:40
The analysis from my bro this time still has some merit, but I think we need to keep an eye on the ZORA pattern... It's really tough to see the highs going low, but if we’re talking about taking a short order, I need to think it over since the Fed's rate cut could stir things up.
It feels like alts are just a subsidiary of ETH right now, whether ZORA can turn things around mainly depends on BTC and Ethereum's performance; it just doesn't have enough strength on its own... However, this kind of fluctuation can indeed lead to a dark horse, the key is that you have to bet right.
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RegenRestorer
· 12-01 10:10
Are the highs continuing to decline? This is an invitation for short positions, looking bearish in the medium term.
ZORA's formation is too tightly bound to ETH, making it difficult to bail-in.
Interest rate cut expectations are favourable information but can't save this broken trend.
Reversal? Dude, are you kidding?
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VirtualRichDream
· 12-01 09:59
The continuous decline in high points really feels unsustainable, it seems like it's paving the way for short orders.
ZORA's situation following Ethereum is quite unfortunate, a reversal? I'm not really inclined to gamble on that probability.
After speculating on interest rate cuts for a long time, it ultimately comes down to each one's technical analysis, this coin is uninteresting.
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ForkItAll
· 12-01 09:51
The highs keep dropping... it's a bit bearish.
Wait, can this really rebound or do we just have to continue sinking with ETH?
Oh my, I'm feeling a bit exhausted watching this rhythm of ZORA.
To be honest, you really have to bet right on the alts this time, or else it's just going to be Rekt.
I'm worried that as the highs keep dropping, I might buy the dip halfway up the mountain.
Can the Fed's interest rate cut save us this time, or is ZORA already beyond saving?
The short order idea is indeed a bit appealing, but I'm not confident.
Does ZORA still have a chance to turn things around, everyone?
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TokenVelocity
· 12-01 09:46
Seeing the signal of continuous decline from the peak is indeed a bit heart-wrenching.
To be honest, I’m also a bit unsure about the ZORA pattern; it feels like it's just going back and forth there.
Let’s wait a bit more before laying out the short order; alts are too easily pumped.
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NewDAOdreamer
· 12-01 09:42
Short order? It's still early, I'm optimistic about the rebound in this kind of fluctuation.
ZORA's consolidation feels like it's building strength, don't act too early.
Just because it's going down from a high point doesn't mean it's time to exit; keeping an eye on ETH's movements is key.
Let's wait and see, don't get squeezed by the market.
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FarmHopper
· 12-01 09:41
I have also seen this pattern of continuing to lower highs, and I feel that we still need to observe whether it can hold above the key support before making any decisions.
To be honest, the risk with this asset ZORA is a bit high, as it is closely linked to ETH, making the reversal quite difficult.
Short order positioning needs to be cautious; this kind of volatile market is the easiest to be played people for suckers repeatedly.
#美联储恢复降息进程 This trend is quite interesting, what does everyone think?
From a technical perspective, has this coin completely broken away from the previous downtrend channel? I see that the chart shows the highs continuously declining, which is a typical oscillating downtrend pattern. If this pace continues, it seems like a strategy to position for short positions in the medium to long term.
In this adjustment cycle of altcoins, choosing the right targets is really crucial. Currently, with this pattern of $ZORA , do you think there is still a chance for a reversal, or should we continue to follow the overall weakness of $ZORA ? Feel free to share your thoughts.