My strategy after analyzing the market for zing token that gained by 40% in last 24 hours

Holozing, zing token is on the temporary move and if you have monitored the market for zing token then you will probably see this as a opportunity. I have wrote two to three analysis for zing token market both in the month of November and December. You can visit my profile and check those analysis but for now let us come to the current day market situation of zing token.

Let me share the last 14 days chart with all the readers here, make note of this that there is no financial advice for anyone and everything you will read ahead is my opinion based on some observation that can fail or pass without guarantee.

We can see that the zing token has pumped for 40% thought the current orders are not at that level but we can be prepared for the future gains that might follow accordingly. The price hit 0.0181 hive per token today and over the period of last 10 days the price was floating at an average of 0.012-0.013 hive per token. You can refer to the screenshot below that shows that to us.

There are two ways we can take the benefit of these situations and they are as followed:

BUY THE DIPS

You can place a sell order at lower levels like 0.01-0.0115 hive for one zing token. You can be benefited even if the price retraces back to 0.013 or more than that per token. There is no guarantee and that is why I told this is not a financial advice and rather a risky way of making profit.

Sell High Buy Low

If you are the one who has some liquid zing from the rewards then you can place a sell order for higher levels and if they get execute you can probably buy them low as there is still a selling pressure for the zing token because of the unknown utility of it in the game itself. Though for me the fact that this is the in game token for holozing is enough to count on it and hold it. Many who are earning in bulk will probably try to book profit for more possibilities from the game.

I don't worry for what might come next in the game, I am ready to invest some money into this game. I have lost thousand of dollars in game like Axie, Splinterlands, and, more so I will take a chance with this game as well as I think this truly has a potential.

Do your Research and yes stay away from tricks like this if you are not good at trading and monitoring the market regularly.

All the screenshots I used in this blog was taken from tribaldex. Also, there was a divider that I used in this blog, and it was originally created by @saydie so thanks to him for letting us use that divider for free. You can check out his post about the dividers he created below.

Free to Use Holozing Dividers: Contribution to the Community
by saydie

Thank You