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🔀 Technical Analysis: ZKsync ( $ZK )
Market capitalization: $300M.
On the ZK chart, we're seeing prolonged consolidation after a massive drop from all-time highs. Price is holding near support level, forming a base for potential movement.
How to trade❔
💬 Buy on a bounce from support with confirmation of a reversal candlestick pattern. Place stop-loss below the support level. Profit target – the resistance zone.
💬 Alternative scenario: if support doesn't hold, wait for a breakdown with a retest of the level from the other side, then consider entering from that level.
💬 Risk/reward ratio looks attractive for both scenarios.
Conclusion:
ZK is at a crossroads – either a bounce from the current base or another leg down. Waiting for directional confirmation.
📈 Open a trade with $ZK 🔗 Chat • X • JioCoinsX