$ZKP Rally pushing back up but momentum starting to stall near resistance
Trading Plan: Short $ZKP
Entry: 0.0825 – 0.086
SL: 0.092
TP1: 0.076
TP2: 0.070
TP3: 0.064
The recent bounce managed to push price higher again, but momentum is beginning to slow as it approaches this resistance zone. Buyers were able to extend the rally for a while, though the follow through is now weakening and price action is starting to turn choppy.
Instead of a strong continuation to the upside, the market is beginning to grind into resistance.
Sellers appear to be gradually stepping back in around this area, and when upside momentum starts fading like this, it often leads to a pullback once buying pressure begins to fade.
ZKPUSDT
Διην.
0.08073
+3.05%