ZK INTERNATIONAL (Healthy Correction?)
💎Technical Analysis Summary💎
NASDAQ: ZKIN
-My previous published idea and targets are achieved
-The price went even above my $10 target zone
-That is a strong bullish push up almost hitting the ATH
-Currently, the price has now retraced more than -50%
-And testing the 20D MA dynamic support range
-This zone is a confluence of 0.786 Fib level
-We can see a rejection candle pushing the price above the 20MA
-If the next daily candle turns out green on Monday
-This will increase our bias of $6 potential new support area
-And also, the chances to test the $9 region increases
-It would be a good rebuy opportunity if we are expecting another leg up
-Do not rush in, always wait for a good confirmation to reduce the risk
-This can be only a reaction bounce, not a true support confirmation
-So it is better to observe the market for another day of trading
-Because our main objective is to minimize the risk and maximizing our profit
-Always plan ahead and look at both market direction
-I will update next week once new data comes in
⚠️Please always read the description⚠️
A big Thanks for donating 💰 via Tradingview coins this week to seba26-77 🙏🎉
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
NASDAQ: ZKIN
-My previous published idea and targets are achieved
-The price went even above my $10 target zone
-That is a strong bullish push up almost hitting the ATH
-Currently, the price has now retraced more than -50%
-And testing the 20D MA dynamic support range
-This zone is a confluence of 0.786 Fib level
-We can see a rejection candle pushing the price above the 20MA
-If the next daily candle turns out green on Monday
-This will increase our bias of $6 potential new support area
-And also, the chances to test the $9 region increases
-It would be a good rebuy opportunity if we are expecting another leg up
-Do not rush in, always wait for a good confirmation to reduce the risk
-This can be only a reaction bounce, not a true support confirmation
-So it is better to observe the market for another day of trading
-Because our main objective is to minimize the risk and maximizing our profit
-Always plan ahead and look at both market direction
-I will update next week once new data comes in
⚠️Please always read the description⚠️
A big Thanks for donating 💰 via Tradingview coins this week to seba26-77 🙏🎉
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
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