After a sharp rally to $0.0175, $ZK printed a clear Double Top on the 4H and is now under heavy distribution pressure, pulling back to retest near support around $0.0152.
With the token unlock set for October 17th, sell-side supply could intensify and put further pressure on price.
I’m watching for short setups under two key scenarios:
- Scenario 1 (Relief Retest):
Entry Zone: $0.01600 – $0.01640
Targets: $0.01508 | $0.01395 | $0.01215 | $0.01067
Stop-Loss: $0.01710
- Scenario 2 (Breakdown Short):
Entry: Clean 1H close below $0.01500
Targets: $0.01395 | $0.01215 | $0.01067
Stop-Loss: $0.01580
Once TP 2 hits, secure your profits and move your stop-loss to breakeven.
#ZKUSDT #ZKUUSDT #ZKUSDC