Market Overview
Current Price: 0.6210 USDT
24h High: 0.6987
24h Low: 0.6078
Fall in the last 24 hours: -9.67%
7-day Fall: -14.88%
Volume: Moderate level of trading activity (28.72M ZKC).
It is seen on the candlestick chart:
Downtrend is ongoing.
The price has dropped from 0.75 and has paused in the 0.61–0.62 support zone.
Volume has increased, meaning more panic selling + short entries.
📊 Future Trade Setup
🔻 Short Setup (Bearish)
Entry: 0.6300 – 0.6400 USDT if resistance is rejected.
Target:
TP1 = 0.6050 USDT
TP2 = 0.5800 USDT
Stop Loss (SL): 0.6600 USDT
Reason: The market is still holding bearish momentum, and the 7-day trend is negative.
🔺 Long Setup (Bullish Reversal)
Entry: 0.6100 – 0.6150 USDT (if it holds support at this level).
Target:
TP1 = 0.6500 USDT
TP2 = 0.6900 USDT
Stop Loss (SL): 0.5950 USDT
Reason: 0.61 is an important support, if it bounces from here, short covering + new buyers may come.
📝 Chat Analysis (Fill-up)
1. Trend: Currently bearish, but 0.61 is strong support.
2. Market Sentiment: Negative (panic selling is happening, but close to oversold zone).
3. Volume: Quite active, big traders are moving.
4. Opportunity:
Aggressive trader → Short setup.
Safe trader → Long setup after support confirmation.
5. Risk Management:
Max 2–3% stop loss must be maintained.
Do not go over-leverage.