$ZK Breakout Continuation: Eyeing $0.10 Psychological Extension
Entry Zone: $0.068–$0.072
Target Levels: $0.095 / $0.100
Stop-Loss: $0.061
Leverage: 5x–12x (momentum-driven setup)
Setup Details:
- Volume Confirmation: With 8.33B ZK traded and USDT volume over $200M, liquidity is surging. Price action shows strong follow-through after reclaiming $0.075.
- Chart Structure: The 4H chart reveals a clean breakout from $0.0286 base. Current consolidation near $0.070 suggests a flag formation before next leg.
- Psychological Magnet: $0.10 is a round-number target and aligns with Fibonacci extension zones. Traders may front-run this level on volume spikes.
- Execution Notes: Consider scaling in near $0.070 with tight SL below $0.061. Trail stop once price breaches $0.095 to lock gains.