$ZKP – Rally pushing back up but momentum starting to stall near resistance 📉
Trading Plan – Short $ZKP
🔹 Entry: 0.0825 – 0.086
🛑 Stop Loss: 0.092
🎯 Take Profit Targets:
TP1: 0.076
TP2: 0.070
TP3: 0.064
The recent bounce pushed price higher, but the momentum is starting to fade as it approaches this resistance zone. Buyers managed to extend the move briefly, yet the follow-through is weakening and the price action is becoming more choppy.
Instead of a strong continuation to the upside, the market now looks like it’s grinding into resistance. When rallies begin to stall like this, it often signals that buying pressure is drying up and a pullback can follow.
Sellers appear to be gradually stepping back in, which could lead to a downside reaction if the resistance holds.
Trade $ZKP here 👇
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