ZRO has continued as expected with a push up past the last resistance hitting above 4 for a breif period of time and then pulling back which is not uncommon behavior now what is needed is a push up to the 4.4-4.6 resistance zone to be on its way to new highs. There will likely need to be a catalyst as well as the overall markets need to be bullish in order to achieve this as well other wise i would expect the prices to continue up and then to reverse and stay in the 3-4 dollar range without any catalyst or overall bullish sentiment. If there is a massive catalyst specifically toward layer zero that comes out then that can cause the prices to buck the market either way but having the overall markets on the side of the move always will help it push higher when that catalyst does come. It has been relatively quiet on the news front with layer zero but my bullishness on the units has not changed as many dapps use this and it continues to be used by more and more each day meaning growth in fees which will overall benefit the units price by increasing cash flow and push prices higher as growth continues. Depending on the overall markets the growth can be either a lot faster or slower but as long as there is continued growth we should see overall long term price increases to the ZRO units. I have taken small profits on the position I hold since some of it was from below 3 dollars so taking some off the table makes sense but it was only a tiny portion and as price likely moves up more i will continue to take additional amounts off the table as we hit higher resistance zones as the likely hood of a pull back where i can re invest at lower prices increases which is what I am hoping to do is re invest the profits that i took back at lower prices on a pull back or consolidation rangeand we may be entering a consolidation period now and depending on Radients APRs for ZRO I may pull some of my holdings which I have 100% in Radient right now as the rates were in the 40-50% range have come down to 6% lately some due to the price increases which lowers the APR as the assets I receive have not increased as much in price which mean lower returns but those returns are in unrealized gains right now and based on current price so I am still getting the same APR based on my cost basis just not based on the current cost if I were to buy in right now which is one of the reasons I have taken some profit so i can possibly pull some of my position into a lp position as I am expecting a range bound price action for the near to mid term future and a lp position is the best way to capitalize on sideways price action taking in the fees while the prices go back and forth. IF I can time this correctly I will be able to add to my gains through the lp fees and not suffer much impermanent loss as I will be monitoring price action etc to determine when to exit the lps for a directional position again. Also having a one sided lp to buy as price decreases if we have a pull back will be a good way to dca the profits back into the position as it is hard to call a top or bottom and much easier to dca in or out.
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