🚨 $ZK /USDT – Heavy Sell-Off Near Support! Decision Point Ahead
$ZK has dropped to $0.0472, down 7.27%, and is now trading near its 24h low of $0.0469. It’s below all key moving averages, showing clear bearish pressure:
MA(7): 0.0478 | MA(25): 0.0497 | MA(99): 0.0503
Technical Overview:
– Rejected from $0.0518 with consistent lower highs
– Support forming at $0.0465 – $0.0470
– A bounce from this zone could trigger a quick recovery
– Volume remains high at 67.69M ZK, signaling active participation
Short-Term Trade Plan:
Entry: $0.0468 – $0.0473
TP1: $0.0488
TP2: $0.0505
SL: $0.0452
Long-Term Trade Plan:
Entry: $0.0460 – $0.0470
TP1: $0.0520
TP2: $0.0545
SL: $0.0435
This is a key zone — bulls must defend $0.0465 to avoid deeper downside. Keep an eye on reaction candles for confirmation.