🔸 ZK/USDT – Bullish Rebound | Testing Key Resistance 🔸
Overview:
On the 4H timeframe, $ZK is up +8.54%, currently trading at $0.0890, with a 24H high of $0.0892 and a low of $0.0818. The price bounced from $0.0751, forming a potential reversal pattern.
Technical Analysis:
🔹 Bollinger Bands: Price moving from the lower band ($0.0757) towards the mid-band ($0.0873).
🔹 RSI (6): 68.18, approaching overbought territory.
🔹 MACD: DIF: -0.0022, DEA: -0.0030, showing a weak bullish crossover.
🔹 Volume: 2.98M, increasing buying pressure.
🔹 MA (5 & 10): MA(5) $10.79M below MA(10) $14.14M, needs confirmation of trend shift.
🔹 Stochastic (K/D/J): K: 89.32, D: 75.94, J: 116.06, signaling overbought conditions.
🔹 OBV: -719M, showing a mix of accumulation and distribution.
Trade Strategy:
🔹 Support Zone: $0.0815 - $0.0850, a potential re-entry area.
🔹 Resistance Levels: $0.0915, followed by $0.0970.
🔹 Stop-Loss Placement: Below $0.0800 to manage risk.
🔥 Master Trade Setup 🔥
✅ Scalping: Buy $0.0870, target $0.0910, SL $0.0850.
✅ Swing Trade: Buy $0.0850, target $0.0970 - $0.1050, SL $0.0800.
⚠️ Breakout Watch: A move above $0.0915 could confirm a stronger bullish trend.
🛡️ Risk Management:
🔹 Capital Allocation: Limit exposure to 2-5% per trade.
🔹 Stop-Loss Discipline: Stick to SL to secure profits.
🔹 Risk-to-Reward Ratio: Aim for 1:2 or better.
🔹 Emotional Control: Avoid FOMO; wait for key confirmations.
🔹 Market Conditions: Look for volume expansion on breakouts.
💬 Will $ZK break resistance and rally further? Drop your thoughts below!
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⚠️ Always DYOR before trading! Crypto markets are volatile, manage risk wisely.
🔹 Data source: Binance
