$ZK /USDT BEARISH REVERSAL – SHORT-TERM SELL PRESSURE ACTIVE
After a strong vertical rally, $ZK hit resistance near 0.07022 and faced immediate rejection, forming a sharp red candle. This signals that sellers are stepping in aggressively, pushing the price down from the highs. Unless bulls regain control quickly, we may see further downside correction before another potential bounce.
Trade Setup (Short Idea):
Entry Zone: 0.06800 – 0.06850
Take Profit 1: 0.06650
Take Profit 2: 0.06500
Stop Loss: Above 0.07050
Market Outlook:
Momentum shows exhaustion at the top, with increasing volatility. If buyers fail to defend the 0.06700 level, deeper retracements are likely. However, reclaiming 0.070+ could trigger another bullish push.
