$ZK is down 1.6 percent and waiting for someone to buy the top
Most people chase the green candle at the 7 day high of 0.01014 and get trapped
Right now $ZK sits at 24 percent of the daily range near 0.009090
That means the sellers are taking profits from earlier strength
Volume is 1.3 times the weekly average because exits are happening right here
When you buy the top gainer you are the exit liquidity for someone else who got in lower
Next time wait for the range to reset before you jump in
What is your stop loss rule when a breakout fails
#ZK #TradingTips
Most people chase the green candle at the 7 day high of 0.01014 and get trapped
Right now $ZK sits at 24 percent of the daily range near 0.009090
That means the sellers are taking profits from earlier strength
Volume is 1.3 times the weekly average because exits are happening right here
When you buy the top gainer you are the exit liquidity for someone else who got in lower
Next time wait for the range to reset before you jump in
What is your stop loss rule when a breakout fails
#ZK #TradingTips