$ZK (#Layer2 #ZeroKnowledgeProof) TRADING PLAN
🔻 Trend Break Point: A confirmed reversal will occur if the price holds above $0.198.
🔻 Trading Range: Currently trading between $0.08 - $0.13. On 1D timeframe, an ABC bounce pattern is visible, which could indicate a bearish setup. Anything below $0.12 is considered short territory.
🔻 Fundamentals: Sentiment is concerning, with too much hype and many trapped buyers. However, upcoming unlocks won’t start until June 18, 2025, which is a positive aspect.
🔻Downside Risk: Price could drop as low as $0.04 - $0.06.
🟢 Green zone = buying opportunities. 🔴 Red zone = selling or profit-taking zones. Price action is crucial in these ranges.
🔻 Trading Range: Currently trading between $0.08 - $0.13. On 1D timeframe, an ABC bounce pattern is visible, which could indicate a bearish setup. Anything below $0.12 is considered short territory.
🔻 Fundamentals: Sentiment is concerning, with too much hype and many trapped buyers. However, upcoming unlocks won’t start until June 18, 2025, which is a positive aspect.
🔻Downside Risk: Price could drop as low as $0.04 - $0.06.
🟢 Green zone = buying opportunities. 🔴 Red zone = selling or profit-taking zones. Price action is crucial in these ranges.
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