📊 $ZKP Trade Setup | Technical Insight
$ZKP is currently showing strong signs of stabilization after a sustained sell-off. Price action has compressed into tight consolidation candles right on the MA99 (purple), which often signals that selling pressure is exhausting and a local floor may be forming.
This zone looks technically important, as price is building a base to re-test short-term moving averages. If momentum shifts even slightly bullish, a quick relief rally toward the 0.11+ zone becomes very realistic.
🔹 Trade Plan (Long Bias)
• Entry: 0.1018 – 0.1035
• Stop Loss: 0.0960 (well-defined risk)
• Targets:
🎯 TP1: 0.1120
🎯 TP2: 0.1200
🎯 TP3: 0.1300
📌 The risk-to-reward on this setup remains attractive as long as price respects MA99 support. A clean reclaim of short-term MAs could act as the trigger for momentum traders to step back in.
⚠️ As always, manage risk and let the chart confirm — react, don’t predict.
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Trade $ZKP here👇
