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Details: ht
The recently followed 0G project seems to be facing significant challenges. As a project developed by the CFX team, 0G was highly anticipated due to the strong financial support behind it. However, despite the project party's substantial financial resources, its operational strategies have been heavily questioned.
The strong opening performance in the early stages of the project left a deep impression, but the subsequent lackluster trend is disappointing. Even though 0G once caused a huge response in the cryptocurrency circle, it now shows signs of weakness. This trend has led many investors to doubt its long-term development prospects.
Considering the current market performance, some traders are adopting cautious strategies. Some analysts suggest that it may be worth considering shorting at the current price level around 4. They have proposed a relatively conservative take-profit strategy, with the first target price at 3.7 and the secondary target at 3.5. At the same time, to control risk, it is advised to set the stop-loss point at 4.3.
Nevertheless, the cryptocurrency market is ever-changing, and investors should conduct thorough research and risk assessment before making any decisions. The future direction of the 0G project remains to be seen, but current signs indicate that recreating the early glory may face significant challenges.