$ZK /USDT BEARS TAKE CONTROL AS PRICE BREAKS BELOW KEY INTRADAY LEVELS!
$ZK /USDT pair is showing a bearish continuation pattern after failing to hold above the psychological support zone. With a current drop of -4.41%, price is trading at $0.0499, showing signs of increased selling pressure and lower highs on the intraday charts.
š Key Technical Levels:
Current Price: $0.0499
Resistance Levels:
Immediate: $0.0505
Strong: $0.0528 (24h high)
Support Levels:
Immediate: $0.0494 (24h low)
Major: $0.0485 ā $0.0490 zone
š Trade Setup (Bearish Scenario):
Short Entry: On a confirmed break below $0.0494 with volume
Take Profit Targets:
TP1: $0.0485
TP2: $0.0472
Stop Loss: Above $0.0505 resistance
This short setup targets continuation of the downtrend with tight invalidation in case of reversal.
š Market Outlook:
ZK is under high distribution with weak buying volume despite high token turnover (51.47M ZK). The structure remains bearish on higher timeframes with no confirmation of reversal. Indicators like RSI are leaning toward oversold but not yet at reversal thresholds. Until volume shifts and resistance breaks, bears remain in control.
ā ļø Risk Management:
Stick to a maximum 2% capital risk per trade, use stop-loss strictly, and donāt chase entries. Confirm breakdowns with volume before entering.
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