A quick breakdown of what’s happening in this $ZKJ USDT (Perp) 4h chart:
📈🚀Momentum is strong, but price is stretched far above average levels. If entering now, it’s higher risk — better for quick trades with tight stop-losses. Watch for either a breakout continuation above $0.3294 or a pullback toward support around $0.228–$0.204.
⬆️Price: $0.2885, up +56.88% in 24h — very strong bullish move.
Bollinger Bands: The price is above the upper band (UP: 0.3294), showing it’s in an overextended bullish phase, which often signals possible pullback or consolidation.
RSI (6): 67.67 — nearing overbought territory (70+), meaning buyers are still strong but momentum may be slowing soon.
Volume: Huge spike in recent candles — indicates strong participation, likely news or event-driven pump.
MA(5) > MA(10): Short-term trend is bullish and still above the longer-term average.
Candlestick Pattern: After a steep climb, there’s some volatility (sharp peaks and dips), suggesting profit-taking has started.#BinanceAlphaAlert