🚨
$ZKP – Short Opportunity Forming
Entry Zone: 0.1588 – 0.1575
Stop-Loss: 0.168
Take Profit: 0.148 → 0.143 → 0.135
$ZKP is currently trading around 0.1585, but attempts to push higher are failing consistently. Price struggles to build acceptance above this level, indicating active selling pressure at resistance. Each minor rally is met with immediate sell orders, showing that sellers are defending this zone aggressively.
The structure remains bearish as long as
$ZKP stays below 0.168. A clear rejection at this resistance points to a rotation lower, with the first target near 0.148, followed by 0.143 and 0.135 if selling momentum continues.
Key observations:
Resistance: 0.1588 – 0.164 (sellers are strong here)
Support: 0.148 → 0.143 → 0.135
Market Sentiment: Bears are currently in control; upside attempts are failing
Trade Bias: Short / Bearish
⚡ Strategy: Enter short in the 0.1588 – 0.1575 zone. Keep a tight SL at 0.168. Gradually scale out profits as price approaches the target zones.
#FalconTraderX #USCryptoStakingTaxReview