🔀 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 lo