$ZKP
• First Target (Main Resistance): 0.20249
• This is the previous red candle's high. Reaching it is highly expected, but selling pressure may occur there. If a daily candle closes above this level, the price will likely surge toward the next targets.
• Second Target (Fibonacci 1.272): approximately 0.22600
• This is the first milestone after breaking the high.
• Third Target (Golden Ratio 1.618): approximately 0.25700
• This is the strongest investment target for the current upward wave.
2. Support Levels (for buying or stop-loss)
If the price pauses (corrects) before continuing upward, these are the areas where a rebound upward is expected:
• First Support (Golden Ratio 0.618): 0.16850
• This area was a previous resistance and has been broken; it will now turn into strong support. Any return to this level presents a buying opportunity (re-test).
• Second Support (Level 0.5): 0.15800
• A medium-strength support zone.
• Final Support (Stop-loss): 0.13400
• A return below this level invalidates the positive scenario.
💡 Summary and Action Plan:
1. Monitor the level 0.20249: Avoid rushing to enter with full capital now, as the price is near resistance.
2. Ideal Scenario: Wait for a breakout above 0.20249 and a daily close above it, or wait for a minor correction to 0.168 for a better entry price.
3. RSI Indicator: As mentioned, it is high (above 79), which increases the likelihood of a pullback or minor correction before breaking the resistance.
• First Target (Main Resistance): 0.20249
• This is the previous red candle's high. Reaching it is highly expected, but selling pressure may occur there. If a daily candle closes above this level, the price will likely surge toward the next targets.
• Second Target (Fibonacci 1.272): approximately 0.22600
• This is the first milestone after breaking the high.
• Third Target (Golden Ratio 1.618): approximately 0.25700
• This is the strongest investment target for the current upward wave.
2. Support Levels (for buying or stop-loss)
If the price pauses (corrects) before continuing upward, these are the areas where a rebound upward is expected:
• First Support (Golden Ratio 0.618): 0.16850
• This area was a previous resistance and has been broken; it will now turn into strong support. Any return to this level presents a buying opportunity (re-test).
• Second Support (Level 0.5): 0.15800
• A medium-strength support zone.
• Final Support (Stop-loss): 0.13400
• A return below this level invalidates the positive scenario.
💡 Summary and Action Plan:
1. Monitor the level 0.20249: Avoid rushing to enter with full capital now, as the price is near resistance.
2. Ideal Scenario: Wait for a breakout above 0.20249 and a daily close above it, or wait for a minor correction to 0.168 for a better entry price.
3. RSI Indicator: As mentioned, it is high (above 79), which increases the likelihood of a pullback or minor correction before breaking the resistance.