Market Overview:
The ZK/USDT pair has recently rejected the 0.1350 support level, showing signs of bullish potential. A zigzag corrective pattern (ABC) has completed, and the price is currently at 0.1364. This pattern resembles a historically similar setup, as shown in the image from TradingView. We expect a continuation of the bullish trend, targeting key resistance levels.
Analysis:
Current Price: 0.1364
Timeframe: Daily (1D)
Key Levels:
Stop loss (SL): 0.1276
Entry: 0.1364 (Current Market Price)
TP1: 0.157
TP2: 0.18
TP3: 0.215
Trade Setup:
Entry: 0.1364 (at CMP)
Stop Loss (SL): 0.1276
Take Profit (TP):
TP1: 0.157
TP2: 0.18
TP3: 0.215
Risk-to-Reward Ratios:
For TP1:
Risk/Reward = 0.0088 / 0.0206 = 1:2.34
For TP2:
Risk/Reward = 0.0088 / 0.0436 = 1:4.95
For TP3:
Risk/Reward = 0.0088 / 0.0786 = 1:8.94
Confluences:
Zigzag Pattern Completion
Support Rejection: price reaction at the 0.1350 zone, confirming buyer interest.
Cypher Pattern formation.
Risk Management:
"Risk no more than 1-2% of your account per trade. Proper position sizing and a disciplined approach are key to long-term success."
Disclaimer:
"This analysis is for educational purposes only and does not constitute financial advice. Trading cryptocurrencies involves risk, and past performance is not indicative of future results. Always conduct your own research and consult a financial advisor before making investment decisions."
The ZK/USDT pair has recently rejected the 0.1350 support level, showing signs of bullish potential. A zigzag corrective pattern (ABC) has completed, and the price is currently at 0.1364. This pattern resembles a historically similar setup, as shown in the image from TradingView. We expect a continuation of the bullish trend, targeting key resistance levels.
Analysis:
Current Price: 0.1364
Timeframe: Daily (1D)
Key Levels:
Stop loss (SL): 0.1276
Entry: 0.1364 (Current Market Price)
TP1: 0.157
TP2: 0.18
TP3: 0.215
Trade Setup:
Entry: 0.1364 (at CMP)
Stop Loss (SL): 0.1276
Take Profit (TP):
TP1: 0.157
TP2: 0.18
TP3: 0.215
Risk-to-Reward Ratios:
For TP1:
Risk/Reward = 0.0088 / 0.0206 = 1:2.34
For TP2:
Risk/Reward = 0.0088 / 0.0436 = 1:4.95
For TP3:
Risk/Reward = 0.0088 / 0.0786 = 1:8.94
Confluences:
Zigzag Pattern Completion
Support Rejection: price reaction at the 0.1350 zone, confirming buyer interest.
Cypher Pattern formation.
Risk Management:
"Risk no more than 1-2% of your account per trade. Proper position sizing and a disciplined approach are key to long-term success."
Disclaimer:
"This analysis is for educational purposes only and does not constitute financial advice. Trading cryptocurrencies involves risk, and past performance is not indicative of future results. Always conduct your own research and consult a financial advisor before making investment decisions."
Trade active
Firt TP hitTrade closed: stop reached
Note
can enter again with butterfly harmonic in mind 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.