BULLISH $ZKP (1h)
• Current Structure:
Impulse up followed by a corrective pullback. Price formed a clear HH near 0.1100 after sweeping range liquidity, then pulled back and is now consolidating above prior breakout levels. Structure is pullback after BOS, not reversal yet.
• Market Structure Notes:
Strong bullish BOS from the 0.0768 base
Liquidity sweep above prior highs into 0.1100
Current candles forming lower highs, but no confirmed LL yet
Price is compressing near the 1h MA99, acting as dynamic support
• Volume Behavior:
Large volume expansion on the impulse candle. Subsequent pullback shows volume contraction, which aligns with corrective behavior rather than aggressive selling.
• Key Levels:
Support: 0.0910 – 0.0895 (MA99 + structure base)
Resistance: 0.1000 – 0.1100 (range high + swept liquidity)
• Entry Trigger:
LONG if: Price holds above 0.0895 and prints a higher low with a strong 1h close back above 0.0950.
SHORT if: Price accepts below 0.0895 on a 1h close, indicating loss of post-BOS support and deeper retracement risk.
• Invalidation Level:
Bullish bias invalidated below: 0.0875 (structure low failure)
Summary:
Bias remains bullish, but this is a pullback and compression phase after a sharp impulse. No active entry yet. Waiting for confirmation of support holding before considering continuation, or acceptance below support for bias shift.
