$ZK — Compression Into Support. Break or Bounce? 🔄

[theSignalyst]

$ZK has been ranging for months between the $0.04–$0.09 band. Recently, price slipped into a falling channel and is now hovering around the $0.05 round number with $0.04 as the next support — a classic make-or-break area.

Trend context: Range-bound macro; short-term bearish inside a descending channel.

Key levels

Support: $0.05, then $0.04 (range floor / demand).

Resistance: $0.06 then $0.085–$0.09 (major supply).

Confluence

Channel lows pressing into the $0.05–$0.04 support cluster (structure + round numbers).

Scenarios

Bullish : Hold $0.05 and break above the channel → room toward $0.06, then the $0.085–$0.09 supply.

Bearish : Clean break below $0.05 → probability of a full retest of $0.04 range floor before buyers try again.

Which way do you see $ZK resolving from this compression—swift bounce to the range highs, or one more dip to the floor?

️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

Stick to your trading plan regarding entries, risk, and management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr.