Thanks for sharing this trade idea! Here's a quick breakdown and analysis of the $ZKC /USDT setup you've outlined, to help ensure it's clearly understood and risk-managed:
š Trade Summary:
Current Trend: Bullish breakout confirmed ā
Breakout Zone: $0.2000 ā $0.2200 (previous consolidation)
Key Resistance Flipped to Support: $0.3000
Entry Zone: $0.3000 ā $0.3100
Stop Loss: $0.2800 (below new support zone)
Targets:
šÆ Target 1: $0.3400 (+10ā13% from entry)
šÆ Target 2: $0.3650 (+17ā21%)
šÆ Target 3: $0.3900 (+25ā30%)
š Technical Notes:
Momentum Strength: A +70% move often signals strong momentum, but also increases the risk of short-term pullbacks. Keep an eye on volume to confirm breakout strength.
Support & Resistance Flip: Holding above $0.3000 is key. A close below could signal a failed breakout or retest.
Risk/Reward Ratio (R/R):
Entry at $0.3050 average
SL at $0.2800 ā Risk = 2.5 cents
Target 1 = 3.5 cents ā R/R ā 1.4
Target 2 = 6 cents ā R/R ā 2.4
Target 3 = 8

