don't buy

Caution on ZORA as It Hits Complete Loss Despite Bullish Trend

The person experienced a complete loss on #ZORA, considering it a risky coin and choosing not to invest further. Despite the loss, the overall trend appears bullish. They averaged down their position and entered at a specific point. The position is a short with 8.2x leverage. The relevant prices are approximately 0.089569 and 0.090354.
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AI Analysis

In this situation, the individual faced a total loss on the cryptocurrency ZORA, indicating high risk associated with this coin. The decision not to continue investing reflects a cautious approach giv...

AI Recommendation

Given the complete loss and the high leverage involved, it is prudent to reassess the risk management strategies. Traders should avoid risky assets like ZORA unless they are prepared for potential tot...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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