🚀 TARGETS MET: $ZK Short Analysis
Pure technical perfection! We called the exhaustion at the 0.02450 resistance zone, and ZKsync ($ZK ) delivered exactly as planned. The "V-shaped" recovery hit a brick wall, leading to a clean breakdown.
Execution Summary:
Entry: 0.02430 – 0.02450 ✅
TP 1 (Quick Scalp): 0.02260 ✅
TP 2 (Swing Target): 0.02100 ✅
Why it worked:
Resistance Rejection: Price struggled to close above 0.02450 on the 1H timeframe, creating high wicks (liquidity grab).
RSI Divergence: The momentum was cooling off even as price tested the highs, signaling the bulls were out of gas.
Volume: Selling pressure surged as soon as the support at 0.02350 flipped to resistance.
What’s next?
Now that we've hit the major swing target at 0.02100, the price is entering a consolidation phase. I’ll be looking for signs of a double bottom or further breakdown before the next move.
Did you bank on this move? Drop your profits in the comments! 👇
