🔥ZK/USDT: Bullish structure and chance for reversal 🚀
On the daily chart, ZK/USDT is forming a descending triangle, which is increasingly becoming a signal for a potential upward reversal. The price is held in the zone of local oversold conditions, giving the market a chance for a strong bounce.
🚨Brief on indicators:
RSI (6): 28.84 — deep oversold, the market is looking for a reversal point.
RSI (14): 36.72 — pressure persists, but growth potential is high.
MACD: weak dynamics — movement is in the preparation stage.
Stochastic: 39.07 — upward momentum is possible.
📈Trading plan (main scenario — long):
🎯Targets:
0.0377 (+22%)
0.0450 (+46%)
0.0500 (+62%)
➡️Entries:
Conservatively — 0.0320: breakout of the upper boundary of the triangle.
Aggressively — 0.0309: building a position at support.
⛔️Stop-loss:
0.02800 — technical level, holding the structure of the triangle.
📌Conclusion: ZK/USDT has approached the moment when selling pressure is weakening, and the likelihood of a direction change is increasing. Watch for the breakout — it could become a trigger for a powerful movement. Good luck in trading! 💹🔥
Spot trading 👉$ZK
Futures 👇
