๐ฑ$ZKP is still in a downtrend๐ฌwatching this level closely.๐จ
๐ Market Structure:
ZKP is still in a clear downtrend. Price keeps making lower highs & lower lows.
๐ด Key Resistance:
The red horizontal line (~0.13โ0.14) is a strong supply zone.
Price was rejected multiple times here โ sellers are defending this area hard.
๐ข Current Price:
Around 0.116, sitting near local support.
๐ What This Means:
As long as price stays below 0.13โ0.14, bias remains bearish
Any move into resistance = sell pressure likely
Bulls need a strong breakout & close above resistance to flip trend
โ ๏ธ Trading Plan Idea (Not Financial Advice):
Conservative traders: Wait for confirmation
Aggressive traders: Watch for rejection at resistance
Invalidation: Strong close above 0.14
๐ก Lesson:
Donโt chase pumps in a downtrend. Let price come to your level.
