$ZK $ZK The $ZK /USDT pair is currently in an uptrend, having recently broken above a key resistance level. The current price action suggests potential for further upside movement.
Key Levels
Resistance: The immediate resistance level is at $0.1457.
Support: The strong support level is located at $0.1283.
Trading Strategy
Breakout to the Upside:
The recent breakout above the resistance level of $0.1457 with strong volume confirms the bullish trend.
A potential entry point would be a retest of the broken resistance level as support.
The initial target could be the previous high at $0.1470.
Stop-loss can be placed below the recent swing low.
Potential Pullback:
If the price experiences a pullback, the support level at $0.1283 could provide a buying opportunity.
A stop-loss can be placed below the recent swing low.
Additional Considerations:
Volume: Increased volume during a breakout or pullback can confirm the strength of the move.
Moving Averages: The 5-day and 10-day moving averages are currently below the price, indicating a potential bullish bias.
Risk Management: Always use stop-loss orders to limit potential losses.#BinanceBlockchainWeek #USADPSurges #USJobOpeningsDip #BTCBreak71K #Write2Earn!