Successful Analysis Update for #ZKUSDT for the First Target
In the previous analysis on July 15th, we identified key levels for $ZK and outlined a bullish trend with potential corrections. The target profit level was set, and as of now, the first target has been successfully reached.
Current Status:
Entry Point: 0.1653 USDT
First Target Profit: Achieved
Next Target Profit: 0.1949 USDT
Stop Loss: Moved to Entry Point
Technical Indicators:
VWAP: Price remains above VWAP, indicating sustained bullish momentum.SMA 200: Price above the 200-period SMA, confirming the longer-term bullish trend.
MACD: Bullish, with the MACD line above the signal line.
Price Levels to Watch:
If ZKUSDT Reaches 0.18 USDT: Potential for further upward movement towards 0.20 USDT or higher.
If ZKUSDT Falls Below 0.16 USDT: Possible pullback to 0.15 USDT or lower.
ZK/USDT continues to show a strong bullish trend with potential for short-term corrections. The initial target has been achieved, and we are now monitoring for the next target profit while safeguarding the position by moving the stop loss to the entry point.
Note: This is based on technical analysis and does not guarantee future performance. Always consider market conditions and perform due diligence before making trading decisions.
Disclaimer
The information provided is for educational purposes only and should not be considered as financial advice. Trading cryptocurrencies involves significant risk and may result in substantial or complete loss of funds. Always conduct your own research and consult with a professional financial advisor before making any investment decisions.
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