$ZK | 12H ANALYSIS 📊
I would expect the price to drop below 0.06158 and wick into the range of 0.05624 – 0.05062, where I anticipate an upward reaction after liquidity is collected. A clear reversal signal (pin bar, engulfing, or a sudden volume spike on a lower time frame) could trigger a long position. Initial targets would be 0.06158 and 0.06323, followed by potential tests of 0.06597 and 0.07016.
- If the price breaks above 0.06597 with a strong candle, then I would not consider shorting and would continue in the long direction. However, if the price remains below 0.06158, the decline could continue down to the range of 0.05624 – 0.05062.
- Make sure to wait for a reversal confirmation to enter the trade; signals such as a pin bar in the FVG area or a sudden spike on a lower time frame, along with an increase in volume, are essential.
- Always keep the stop-loss slightly below the last swing low l...