$ZK /USDT at a Pivotal Point – Breakout or Breakdown?
$ZK /USDT is trading at $0.2255 on the 2-hour timeframe, standing at a critical juncture. The immediate resistance is at $0.2270, while support is firmly at $0.2225. The price action suggests two possible scenarios:
Bullish Scenario
If $ZK breaks above the $0.2270 resistance, a long position around $0.2255 could target TP1 at $0.2265, TP2 at $0.2275, and TP3 at $0.2290. Use a stop-loss at $0.2220 to protect against downside risk.
Bearish Scenario
If the price fails to hold support at $0.2225, a short entry around $0.2230 could aim for TP1 at $0.2210, TP2 at $0.2195, and TP3 at $0.2175. Set a stop-loss at $0.2270 to limit potential losses.
This is a high-risk, high-reward trade as the price is poised for its next decisive move. Monitor closely and trade with discipline.