$ZK shows an overextended move with heavy retail long positioning ripe for a correction.
Trading Signal: $ZK : SHORT
• Entry: $0.02651 - $0.02750
• Stop Loss: $0.03050 (Above the recent wick high)
• Take Profit Targets:
• TP1: $0.02450
• TP2: $0.02280
• TP3: $0.02150
The exhaustion at the psychological $0.030 level combined with high retail long participation suggests a liquidity grab is imminent. Expect a retracement to the previous consolidation zone to shake out over-leveraged late buyers.
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ZKUSDT
Perp
0.02312
-7.29%
