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ZKJ / Tether USD PERPETUAL CONTRACT

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ZKJUSDT.P trade ideas

$ZKJ Potential Bottom Detected with Bullish DivergenceI'm observing a potential bottom formation on OKX:ZKJUSDT 4H chart, supported by a clear bullish divergence between price action and the Stochastic RSI. Price has been making lower lows, while the Stoch RSI is showing higher lows — indicating a possible momentum shift. This divergence suggests that selling pressure may be weakening and a potential reversal could be near. I've marked 4 target levels based on previous structure and Fibonacci zones: 1st Target: 0.2632 2nd Target: 0.3312 3rd Target: 0.4138 4th Target: 0.6432 - 0.6457 Key support zone lies around 0.1963 - 0.2080. Invalidation if price breaks below this support range. Not financial advice. Always do your own research!
Long
by AmateurxTrader
ZKJ/USDTBYBIT:ZKJUSDT "ZKJ 💰 currently has a market cap of $96.59M. The price is at 1.3967 📉, which is a resistance zone 🚧. Resistance levels are areas where the price may struggle to move higher because sellers often step in at these points, causing a potential price reversal or stall. If the price manages to break above this 1.3967 level 🚀, we could see the next resistance levels at **1.5672** 📈, **1.6839** 💥, and **1.845** ⚡. These are areas where the price might face further selling pressure, which could slow or stop the upward movement. However, if the price doesn't break through the resistance zone and starts to fall 📉, support levels are crucial. The support levels at **1.300** 💪 and **1.200** 🔽 are points where the price could find buying interest, helping to prevent further declines. Support is like a "floor" where the price tends to stop falling and potentially bounces back up. It's important to watch how the market reacts around these levels, as a break above resistance or a bounce off support can signal the next move. Remember, price action is unpredictable, and market conditions can change quickly! 🧐 Not financial advice! ⚠️ Stay informed and manage risks wisely."
by Wolftrader1337