$ZK lost the 0.017 level. Two scenarios to watch next:
① A rebound fails to reclaim 0.017 → the level turns into resistance, with the 24h low of 0.0164 as the first level to watch below
② A quick move back above 0.017 → this looks more like a false breakdown, and short positions could easily get squeezed
Personally, I’m paying closer attention to how the first rebound plays out.
This is for informational purposes only and does not constitute investment advice.
① A rebound fails to reclaim 0.017 → the level turns into resistance, with the 24h low of 0.0164 as the first level to watch below
② A quick move back above 0.017 → this looks more like a false breakdown, and short positions could easily get squeezed
Personally, I’m paying closer attention to how the first rebound plays out.
This is for informational purposes only and does not constitute investment advice.