ZK LongThe ZKUSDT pair is currently in an accumulation phase as it approaches a key support zone, marked as the "Accumulation" area. This phase suggests a potential buildup of buying pressure, which could lead to a significant price movement upwards in the near term.
Trade Entry: Consider entering a long position near the current support level of 0.1512, which aligns with previous lows. The price action in this zone indicates a high probability of reversal, marking an optimal entry for an upward move.
Target Area: The target for this trade is towards the PMH (Previous Market High) at 0.5003, which represents a strong resistance zone. We anticipate a possible push to this level as the price continues its recovery.
Risk Management : Keep a tight stop loss around the PML (Previous Market Low) at 0.1116. This level offers a solid risk-reward ratio, as a breach below this point would signal a potential trend reversal or further downside.
Trade Duration: This trade is expected to play out over the next few weeks, with significant price movement likely from February to April 2025.
Strategy: This is a momentum-based trade following the accumulation phase, with the expectation of a price breakout. The market conditions suggest a shift from a consolidation phase into an upward trend, providing an attractive long setup.
