$ZKP
/USDT BEARISH OUTLOOK – RESISTANCE REJECTION EXPECTED
Price action is approaching a strong resistance zone around recent highs where selling pressure is likely to increase. Multiple failed attempts to sustain above this level indicate potential distribution and downside continuation.
Short Position Plan: Entry Zone: 0.0860 – 0.0866
Stop Loss: 0.0880
Take Profit Targets: TP1: 0.0831
TP2: 0.0785
TP3: 0.0704
Market structure suggests weakness near resistance, and a rejection here could drive price back toward lower support levels. Wait for confirmation before entry to avoid false breakouts.
Risk Management: Risk only 1–2% per trade and avoid over-leveraging. Always wait for confirmation candle before executing entry.
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