âđ $ZKP /USDT: Bearish Reversal Alert! đš
$ZKP is currently showing signs of exhaustion after a sharp vertical move. On the lower timeframes, we are seeing a "blow-off top" structure near the resistance zone, suggesting that the bulls are running out of steam. Expecting a healthy correction/pullback from this overextended level.
â⥠Trading Setup:
âDirection: SHORT (Bearish) đŽ
âEntry Zone: Market Price (Approx. $0.1150 - 0.1190)
âTarget 1: 0.09976 (Immediate Support) đŻ
âTarget 2: 0.08270 (Major Liquidity Gap) đŻ
âStop Loss: 0.12650 (Above local swing high) đĄïž
âđ Technical Insights:
âOverextended RSI: The RSI has tapped the overbought territory, signaling a cooling-off period is due.
âVolume Fade: Trading volume is starting to decline on the 1H/4H charts while price hits resistanceâa classic bearish divergence.
âMarket Sentiment: With the broader market seeing mixed signals today, high-flyers like $ZKP are the first to face profit-taking.
âRisk Management: Use appropriate leverage (3x-5x recommended) and never risk more than 1-2% of your capital on a single trade.
â#zkPass #CryptoTrading #TechnicalAnalysis #BinanceSquareTalks #BearishSignal
âDisclaimer: This is not financial advice. Crypto markets are highly volatile. Do your own research (DYOR) before entering any trade.
