$ZK is Bleeding – But is This the Opportunity Hidden in Pain?
A sudden long liquidation of $6.73K has just rocked $ZK near $0.0635, sending shockwaves across the market. Weak hands have been shaken out, but this is where smart money starts watching. When fear dominates, opportunity rises from the ashes.
Technical Analysis – Time to Hunt the Rebound
After the liquidation, $ZK has dipped into a high-interest zone, often marked by previous accumulation.
Buy Zone:
$0.0612 – $0.0638
This range reflects the critical demand zone where previous buyers stepped in. Price retracing into this area post-liquidation is a classic sign of liquidity sweep before reversal.
Target 1: $0.0695
Target 2: $0.0742
Target 3 (High Risk/Reward): $0.0799
These targets align with Fibonacci retracement levels and previous resistance points. Expect profit-taking along the way, especially near $0.074.
Stop Loss:
$0.0594
Below this level, structure breaks down. A close under this line means bulls have lost their grip and further downside may come.
Risk/Reward View:
With a tight stop and a wide target range, the setup offers an attractive risk/reward ratio. But patience is key – wait for volume confirmation and reversal signals in the buy zone.
The Big Picture:
This liquidation may just be the setup for the next leg upward. Often, when the market purges leverage, it clears the path for real momentum to build.
