ZK/USDT Technical Analysis & Trade Signal
Current Price: $0.2085
Price Change: -2.43%
24h High: $0.2158
24h Low: $0.1900
Technical Analysis:
1. Trend: The market is currently in a short-term downtrend, indicated by a decrease of 2.43%. The price is testing near the lower range of its 24-hour low at $0.1900, and the SAR indicator is at $0.2100, showing possible resistance.
2. Support Levels:
First Support: $0.1900 (24h low)
Second Support: $0.1887 (Depth Bid)
3. Resistance Levels:
First Resistance: $0.2158 (24h high)
Second Resistance: $0.2171 (Depth Ask)
Trade Signal:
Bearish Momentum: Current momentum is bearish as the price is moving downward after facing resistance near $0.2158.
Short Entry: Consider a short entry around $0.2100 or higher (close to SAR resistance).
Target Levels 🎯:
1. Target 1: $0.1900 (Support Zone)
2. Target 2: $0.1887 (Depth Bid Level)
3. Target 3: $0.1800 (Extended support area)
Trade Momentum:
The market momentum is currently bearish with a slight retracement from recent highs. The price is likely to test lower support levels. Monitor for any reversal signals near the support zones for potential long entries or more confirmation for short positions.