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$ZKC Ready for the Next Leg? Technical Setup & Market Read!
The market has spoken, and
$ZKC (Boundless) is flashing some very interesting signals. After a period of high volatility, the price action is beginning to signal a shift from correction to accumulation. Here is my deep dive into the current structure.
🔍 Market Analysis: The "Shakeout" is Over
ZKC has already completed a textbook liquidity grab. We saw a hard push to the highs near 0.143, followed by a sharp correction that swept the lows around 0.1245.
The key takeaway? Sellers tried to push lower but failed to find follow-through. This tells me the "weak hands" have been flushed out. Currently, we are seeing sideways movement with small candles—this isn't bearish continuation; it’s absorption. Buyers are quietly defending the base while selling pressure fades.
📈 The Trade Plan
Primary Entry Zone: 0.125 – 0.128 This zone sits right above the recent liquidity sweep. As long as the price holds this floor, the bullish structure remains intact. I’m comfortably building positions within this range.
Take Profit (TP) Targets:
• TP1: 0.132 (Immediate resistance)
• TP2: 0.138 (Previous expansion zone)
• TP3: 0.145 (Recent swing high)
Stop Loss (SL): 0.121 Risk management is non-negotiable. If the price breaks and holds below the sweep low, the setup is invalidated and I’m out.
💡 Why This Setup Works
The correction has done its job. By taking out the liquidity below and stabilizing above the "danger zone," the path of least resistance is now shifting back to the upside. We aren't looking for a "moonshot" overnight, just a clean rotation back toward the previous highs.
Status: Calm. Risk defined. Structure confirmed.
Let’s watch how
$ZKC handles this base. Ready to trade? ⚡
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