$ZK lost the 24-hour low: current price 0.01608, previous low 0.0161.
After the breakdown, watch two things:
· Whether the previous low of 0.0161 turns from support into resistance (price fails to reclaim it on a bounce)
· Whether trading volume picks up on the break below; a low-volume breakdown could just be a bear trap
Are you bullish or leaning bearish in the short term?
How you trade is up to you—this is just a note.
After the breakdown, watch two things:
· Whether the previous low of 0.0161 turns from support into resistance (price fails to reclaim it on a bounce)
· Whether trading volume picks up on the break below; a low-volume breakdown could just be a bear trap
Are you bullish or leaning bearish in the short term?
How you trade is up to you—this is just a note.