$ZK BEARISH SETUP WITH DOWNSIDE POTENTIAL
$ZK is exhibiting bearish momentum as price trades below MA(25) and MA(99), signaling seller dominance. The recent rejection from resistance around 0.02353 and declining volume confirms pressure on the downside. Short-term MA(7) below MA(25) supports continuation of the downtrend, suggesting further weakness ahead.
Trade Setup:
Entry (Short): 0.0227 – 0.0230
Target 1 (TP1): 0.0222
Target 2 (TP2): 0.0217
Stop Loss (SL): 0.0235
Risk Management: Use a strict 1:2 risk-to-reward ratio. Limit exposure and monitor for volume spikes that could indicate reversal.
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ZK
0.02314
+0.39%