The ZK (zkSync) coin shows a notable bullish momentum on the 4-hour chart, with the price rising by more than +10.7%, accompanied by a clear increase in trading volume and positive momentum on the MACD indicator.
📊 Technical Read of the Current Move:
Break Above Averages: Price is currently trading above the 7 EMA and 25 EMA averages, confirming a fast bullish momentum.
High liquidity: Trading volume rose noticeably along with the last green candle, which increases the chance of the move continuing.
🎯 Trading levels and suggested strategy:
Entry zones (Buy Zone):
Direct entry (high risk): at the current price around 0.01324 USDT.
Entry for the holder (best point): when correcting and testing support between 0.01250 - 0.01265 USDT.
Profit targets (Take Profit):
🟢 First target: 0.01355 USDT (testing nearby resistance)
🟢 Second target: 0.01420 USDT
🟢 Third target: 0.01500 USDT
Stop Loss:
🔴 Close the 4-hour candle below 0.01160 USDT (to protect capital if the last bottom breaks).
⚠️ Risk management warning: The market is volatile—don’t put your entire capital into a single trade, and always use a stop-loss order to protect your portfolio.
#BinanceSquare #CryptoAnalysis #zkSync #ZK #TradingTips