🚨 $ZKJ Short Setup – Rejection Confirmed
$ZKJ faced a strong rejection from the local spike high near $0.02600, and now we’re seeing lower highs forming on the 1H timeframe.
The failed breakout attempt signals short-term momentum is shifting toward sellers.
📍 Trade Plan
Entry: $0.02370 – $0.02420
Stop Loss: $0.02520
Take Profit Targets:
• TP1: $0.02280
• TP2: $0.02190
• TP3: $0.02080
🔎 Why This Setup?
✔️ Strong rejection wick from $0.02600 resistance
✔️ Lower high structure forming on lower timeframe
✔️ Momentum cooling after sharp upside spike
✔️ Clear downside room toward previous demand near $0.02200
Now the key level to watch is $0.02350 support.
If it breaks cleanly → extension toward $0.02100 becomes likely.
If buyers defend it → we may see a bounce for another $0.02500 retest first.
For now, structure favors the short side unless buyers reclaim $0.02500 with strength.
🎯 Trade the structure. Manage your risk.
