š„ A single bullish candle blasted straight through the moving-average cluster, with ZK closing at 0.015863 on the 15m chart.
One candle punched right through the moving averagesāwhat a sight.
ā But the strategyās verdict is: no entry.
Why the contradiction?
Higher timeframe: The 1d chart is still bearish; this is just a rebound.
Lower timeframe: CCI is still below zero at -64.6, and the MACD histogram is still stuck at -0.00003, not yet positive.
5/8 conditions are met, but all three missing ones are momentum confirmations.
Momentum isnāt there yet, so Iām staying out and just watching.
š Keep an eye on 0.015863āthe dividing line between bulls and bears is right here.
Iāll wait for CCI to cross back above 100 and for the MACD histogram to turn positive. Iāll only consider entering when both signals appear.
š¤ Pick a side: Do you think this bullish candle is the start of a breakout, or a bull trap?
ā ļø Technical analysis is for reference only and does not constitute investment advice
#ZK $ZK
One candle punched right through the moving averagesāwhat a sight.
ā But the strategyās verdict is: no entry.
Why the contradiction?
Higher timeframe: The 1d chart is still bearish; this is just a rebound.
Lower timeframe: CCI is still below zero at -64.6, and the MACD histogram is still stuck at -0.00003, not yet positive.
5/8 conditions are met, but all three missing ones are momentum confirmations.
Momentum isnāt there yet, so Iām staying out and just watching.
š Keep an eye on 0.015863āthe dividing line between bulls and bears is right here.
Iāll wait for CCI to cross back above 100 and for the MACD histogram to turn positive. Iāll only consider entering when both signals appear.
š¤ Pick a side: Do you think this bullish candle is the start of a breakout, or a bull trap?
ā ļø Technical analysis is for reference only and does not constitute investment advice
#ZK $ZK