⚠️ $ZKJ Massive Dump → What’s Next?
#ZKJ has crashed over 80% from its $2 peak, now consolidating in a rising wedge on the 15-min chart — a classic bearish continuation pattern.
🔸️After the brutal sell-off, price attempted a short-term recovery
🔸️Forming a rising wedge between $0.30 and $0.36
🔸️Currently sitting at $0.346 with weakening bullish momentum
📉 Why This Matters:
Rising wedges usually break down after a relief bounce
If $ZKJ breaks below the wedge support (~$0.33), expect a retest of $0.30–0.28 zone
Breakdown may open doors for $0.25 or lower if sellers step in hard
📈 What Would Flip This Bullish?
Strong breakout above $0.37–0.38
Needs volume and confirmation — otherwise, it's a trap zone for longs
🧠 Summary: After a massive dump, the current wedge looks like a setup for another leg down. Stay cautious — confirm breakout or breakdown before entering.