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$ZK 4h |Chart Analysis
I expect price to first try and fill the nearby fair value gap above, potentially moving from the current 0.01556 up toward 0.01590. If this area is cleared with strength, the next move could be toward 0.01623 and possibly 0.01729.
A possible long trade setup: Enter on bullish confirmation in the 0.01537-0.01508 zone, aiming for 0.01590 and 0.01623 as take profits.
Place the stop-loss below the recent swing low to protect against further downside. Wait for additional confirmation like a pin bar, bullish engulfing, or a clear break of short-term highs before getting in.
- If, however, price fails to hold above 0.01537 and starts breaking down, it could revisit 0.01508 and possibly test the most recent low at 0.01482. A strong breakdown below 0.01482 would shift my bias to bearish, with potential for a move towards 0.01395.
To sum it up: The bias is slightly bullish while above 0.01508, especially if fair value gaps are targeted and filled. Watch for confirmation signals in the demand area to safely enter a long. If 0.01482 is lost, reassess for possil short scenarios. $ZK
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