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ZKUSDT trade ideas

zkSync Fresh L2 coin for ETH. 458 million $ investment by fundsLogarithm. Time frame 1 day. Since the coin is fresh (people sell freebies), and it was recently listed, if the market will be dominated by a downtrend until October, a downtrend channel will be formed in case of a break of the key support. _____________________________________ Most importantly: 1️⃣ There was aerdrop manipulation , the community got a very small % of the promised coins, which is in the hands of developers and crypto funds (after shaking out now, there will be full control over the price). 2️⃣ It is worth noting that crypto funds “invested” (with speculative interest) 458 million dollars in the asset. Which is an absolute record. The first and second are extremely positive for the maximum prices of the asset in the cycle in the future. Consequently, the asset is interesting for investment and position trading, and it does not matter what will happen now locally for a couple of months. Work from the average buy/sell price. ____________________________________ The chart shows the key resistance levels for the first significant pumping after the trend break, as well as the maximum distribution zone targets of this cycle. The price potential will be “unlocked” similarly naturally not now, but when the solution will be implemented, there will be media PR, smart money will partially “exit” from the asset. The potential is naturally great, it is shown, who is attentive. Let me remind you, L2 is a solution for scaling the ETH network. When this is implemented and PR'd and ETH is in its first distribution zone, then pump in similar small capitalization assets. __________________________________ Work from the average price of purchases , so in the future sales and no minimums and maximums (even if you are sure that you know and understand how “exactly” it will be, I note that most people who do everything by reverse think so), as this is the fate of true hamsters. At the same time, you need to understand the zones where it is cheap and where it is expensive, and what the general trend in the market is developing. ⏰ Profit from the local game (not necessarily to work this way) is not big (you “spin the volume” part of the allocated money to a certain zone of the asset - work). But, such local work gives you to overcome fear, because you always have money to increase coins. ⚠️ Do not abuse stop loss , where it is not necessary, because everything will be taken away on the “flat place”. ⚠️ Prefer spot trading , which forgives elementary mistakes, if you are not a very good trader. With margin and futures, your risk must be justified. If you are a ludomaniac (most sick people won't admit it, maybe you are one/one of them) then leave this high risk trading. 🐹 Psychology . If, you feel that you, like everyone else, will do, when not necessary under psychological pressure and news some not logical bullshit, it is better not to trade at all, and invest. “Hold” coins for a couple months, dividing the amount of the entry into 2-3 parts. When the market is distributed, you will sell with a big profit. Maximum targets (not necessarily, as depends on a lot of factors), is the zone 0,6 - 1 dollar.
by SpartaBTC
4
ZKUSDT.4HAnalyzing the ZKUSDT chart, I observe several critical elements from a technical standpoint: Support and Resistance Levels: Support Levels (S1 and S2): S1 at $0.1365 is crucial as it appears to be the recent low where price rebounded. A breakdown below this could lead to a test of S2 at $0.1256, indicating a more significant bearish sentiment. Resistance Levels (R1 and R2): R1 at $0.1741 and R2 at $0.1929 are key barriers for bullish momentum. Overcoming R1 could pave the way for a test of R2, indicative of strong buyer presence. Technical Indicators: Relative Strength Index (RSI): The RSI at around 53.51 shows a neutral stance, which suggests that there is neither significant buying nor selling pressure at the moment. It provides room for the price to move in either direction. Moving Average Convergence Divergence (MACD): The MACD line is very close to the signal line but slightly below, indicating a weak bearish momentum. This near-zero histogram suggests a lack of strong directional momentum, supporting the RSI's neutral signal. Given this setup, my perspective as a trader is to watch for potential entry points near the support levels if signs of stabilization and bullish reversal appear. If the price holds or rebounds off S1, it could offer a strategic long position with an initial target at R1. Conversely, if the price breaks below S1, it might signal a potential short opportunity towards S2, but caution is advised given the close proximity of these levels and the overall neutral momentum indicated by the RSI and MACD. Traders should remain alert for any sudden shifts in volume or news that might impact market sentiment and adjust their strategies accordingly. Monitoring the interaction between the MACD and signal lines will also be crucial for catching early signs of a momentum shift. As always, setting appropriate stop-loss levels to manage risk effectively is vital.
Long
by MarsSignals
zkSync Price Collapse or Skyrocket? Discover What’s Next!In the recent trading sessions, OKX:ZKUSDT has exhibited a mix of stability and volatility, with closing prices showing minor fluctuations. The latest closing prices indicate a slight downward trend in the short term. Exponential Moving Averages (EMAs) provide a clearer picture of this trend. The 9 EMA currently stands at approximately $0.160, showing a slight downward trajectory, while the 20 EMA, slightly higher at around $0.161, also reflects a minor bearish trend. This alignment suggests a potential for continued short-term bearish momentum unless a significant upward movement disrupts this pattern. The Moving Average Convergence Divergence (MACD) indicator offers further insights into market sentiment. Recent MACD values have been negative but with a gradually diminishing bearish momentum. The MACD histogram values indicate that the bearish momentum is weakening, hinting at a possible consolidation or a trend reversal in the near future. Relative Strength Index (RSI) values, currently hovering around 46-52, suggest that ZK is in a neutral zone. This neutrality implies that the market is neither overbought nor oversold, providing a balanced perspective on potential price movements. Key resistance levels to watch include $0.1714, a moderate resistance level that could be tested if bullish momentum gains strength. A break above $0.1735, a stronger resistance level, could signify a more substantial upward movement. The level at $0.1844 is a significant resistance point, and breaching it could indicate a strong bullish trend. On the downside, $0.1577 is the nearest support level, and a breach of this could lead to further declines. The $0.1518 mark is a critical support level that could act as a strong foundation for potential rebounds. At $0.1333, there is a major support level where significant buying interest might emerge if prices dip this low. Possible Trade Ideas For traders considering long positions, monitoring the resistance levels at $0.1714 and $0.1735 is crucial. Entering a long trade near the support level of $0.1577, with a tight stop-loss slightly below this level, could be a prudent strategy. Exiting near the resistance of $0.1714 might offer a good risk-reward ratio. Conversely, for short trades, the current levels near $0.165 present an opportunity to short if prices fail to breach the $0.1714 resistance convincingly. A stop-loss slightly above $0.1735 could mitigate potential losses. Targeting exits near the $0.1577 or $0.1518 support levels might be advantageous. The technical indicators for the zkSync price reveal a market in a delicate balance between bearish and bullish forces. While the short-term momentum appears slightly bearish, weakening bearish signals suggest the potential for consolidation or a reversal. Traders should keep a close watch on the identified support and resistance levels to make informed trading decisions.
by Ecoinimist