I’m building a long position on $ZKP after the coin broke above a strong resistance level on the daily timeframe. The higher-timeframe structure looks strong, so I’m watching for continuation rather than chasing the breakout.
Trade Plan — LONG
Entry Zone: $0.046–$0.049
TP1: $0.052
TP2: $0.061
Stop Loss: $0.042
Why this setup works:
The daily breakout shows buyers taking control of a major resistance area. I’m looking for that breakout zone to hold as support. If it does, the next upside levels are $0.052 and $0.061.
If $0.042 breaks, I’d consider the setup invalid and exit rather than forcing the trade.
Risk first, position size accordingly.
$ZKP
#BIP110SoftForkAttemptBegins #SouthKoreaProposesLooseningCryptoShareholderRules #SenateReadiesSeptemberCLARITYActVote #BTCPayServerExploitDrainsLightningNodes #BIP110ForkSignalingExpectedThisWeekend
Trade Plan — LONG
Entry Zone: $0.046–$0.049
TP1: $0.052
TP2: $0.061
Stop Loss: $0.042
Why this setup works:
The daily breakout shows buyers taking control of a major resistance area. I’m looking for that breakout zone to hold as support. If it does, the next upside levels are $0.052 and $0.061.
If $0.042 breaks, I’d consider the setup invalid and exit rather than forcing the trade.
Risk first, position size accordingly.
$ZKP
#BIP110SoftForkAttemptBegins #SouthKoreaProposesLooseningCryptoShareholderRules #SenateReadiesSeptemberCLARITYActVote #BTCPayServerExploitDrainsLightningNodes #BIP110ForkSignalingExpectedThisWeekend