$ZKC is facing intense resistance right at the local top, failing to sustain a breakout above $0.00890. This rejection has shifted the immediate market structure, with the 1H chart now flashing bearish signals and pointing to a potential short-term pullback.
Here is the trade setup based on the current momentum shift:
* Current Price: 0.008777 (+6.31%)
* Short Entry Zone: $0.00874 – $0.00882
* Stop Loss: $0.00896
* Take Profit Targets: TP1: $0.00862 | TP2: $0.00848 | TP3: $0.00832
The primary invalidation point for this short thesis is a reclaim and stabilization above the $0.00890 level. Until that happens, the path of least resistance appears to be lower toward these defined support targets.
#ZK #CryptoTrading #TechnicalAnalysis #BinanceFutures #Altcoins
Here is the trade setup based on the current momentum shift:
* Current Price: 0.008777 (+6.31%)
* Short Entry Zone: $0.00874 – $0.00882
* Stop Loss: $0.00896
* Take Profit Targets: TP1: $0.00862 | TP2: $0.00848 | TP3: $0.00832
The primary invalidation point for this short thesis is a reclaim and stabilization above the $0.00890 level. Until that happens, the path of least resistance appears to be lower toward these defined support targets.
#ZK #CryptoTrading #TechnicalAnalysis #BinanceFutures #Altcoins