$ZKC is currently trading around 0.1377 USDT, down roughly -19.8% in the last 24 hours, showing clear weakness after a sharp rejection from the 0.1740 high. What looked like a breakout attempt has turned into a classic distribution move. Momentum has shifted.
On the 1H timeframe, price is making lower highs and lower lows, with consistent bearish candles and weak recovery attempts. Volume spiked on the drop, suggesting sellers are in control. The recent sideways movement near 0.137–0.140 looks more like bearish consolidation, not strength.
If this range breaks down, a deeper move is likely.
Trade Setup (Bearish Bias)
• Entry Zone: 0.1400 – 0.1450
• Target 1: 0.1320
• Target 2: 0.1275 (previous low)
• Target 3: 0.1200 (liquidity zone)
• Stop Loss: 0.1510
As long as price stays below 0.150–0.155 resistance, the downside pressure remains dominant. Bulls need a strong reclaim with volume above that zone to invalidate this setup. Until then, the structure favors continuation to the downside rather than a sustainable rally.
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