$ZKC
ZKC Short Selling Strategy
If you are looking to short ZKC, you are betting that the price will drop. Shorting at the current levels requires caution, as ZKC recently saw a 14-15% surge due to its integration with Bitcoin for ZK-proof settlement.@svkaxe
Entry Point: Look for a "fakeout" near $0.125 - $0.130. If the price touches this zone but fails to hold a 4-hour candle above it, it indicates strong selling pressure.
Stop Loss:
Place a strict stop loss at $0.145. Breaking above this would invalidate the bearish thesis and likely trigger a "short squeeze" toward $0.16+.@svkaxe
Risk Note:
ZKC has a high annual inflation rate (approx. 7%), which generally favors short-sellers in the long run, but short-term "tech upgrades" can cause sudden spikes.
🎯 Take Profit: 0.13690 (The Bullish Target)
Your specific target of 0.13690 appears to be a Take Profit (TP) for a Long position, rather than a short. In a short-sell, you want to buy back lower (e.g., $0.095).@svkaxe
If you are currently long (buying) and aiming for 0.13690:
Logic: This level sits just above the current 200-day Moving Average resistance. Reaching it would mean ZKC has successfully flipped its recent downtrend into a relief rally.
Execution: Set a Limit Sell order at 0.13685 (just a hair below the round number to ensure the order fills if the price "wicks" up and touches the zone).@svkaxe
Volume Watch: For ZKC to hit $0.13690, we need to see daily trading volume stay above $50M - $60M. If volume drops while the price rises, the move is likely a trap.
Warning:
Crypto markets are extremely volatile. ZKC is a mid-cap token with a market cap of around $25M–$27M, meaning "whales" can move the price significantly with relatively small trades. Always use a stop-loss.
#ZKC #cryptouniverseofficial #cryptosignals #crypto #blockchain $BTC
