$ZKP — Bearish Rejection Setup


ZKP failed to hold the recent recovery move and got rejected near the 0.0870 resistance zone. Sellers are slowly taking control while momentum is weakening on the 1H timeframe.
Price is forming lower highs after multiple rejection candles, which signals possible downside continuation if support breaks again.
Trade Setup:
Entry Zone: 0.0862 – 0.0868
Target 1: 0.0850
Target 2: 0.0840
Target 3: 0.0828
Stop Loss: 0.0883
As long as price stays below 0.0870, bears remain in control and another sell pressure wave can appear anytime.
$ZKP ‌#GateSquareMayTradingShare
ZKP-0.86%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin