$ZK 90After hitting a new daily high, there are roughly three possible paths from here:
① It pulls back to 0.0175 and holds, turning the previous high into support; ② It consolidates near the highs as volume gradually tapers off; ③ It falls back below 0.0175, making this a false breakout.
The current price is 0.01744, already close to scenario ③, but we still need to see where it closes. Trading volume this time was 6.1 times the 20-day average, so whether volume can stay strong will be crucial.
Leave a comment with your prediction, and check back in a few days to see how it played out.
① It pulls back to 0.0175 and holds, turning the previous high into support; ② It consolidates near the highs as volume gradually tapers off; ③ It falls back below 0.0175, making this a false breakout.
The current price is 0.01744, already close to scenario ③, but we still need to see where it closes. Trading volume this time was 6.1 times the 20-day average, so whether volume can stay strong will be crucial.
Leave a comment with your prediction, and check back in a few days to see how it played out.