The parabolic run for $ZKP just hit a brick wall. After a sharp rejection at the 0.130 level, the momentum has shifted from "moon mission" to "market distribution." With price slipping back under the short-term EMAs, the bulls are looking exhausted, and a mean reversion toward previous demand is likely on the cards.
Essentially, we’re fading the rally until the chart proves otherwise.
The Game Plan: Short Bias
The Bottom Line
As long as 0.118 holds as resistance, the path of least resistance is down. A clean break and daily close above that level invalidates this setup and shifts us back to neutral. Play it smart and manage your risk.
What’s your take—is this a healthy pullback or the start of a deeper slide? Drop your thoughts below!
#ZKP #cryptotrading #PriceAction #TechnicalAnalysis #ZKPSignal #Write2Earn
