-We can see ZKIN is having an issue breaking above the 14 dollar zone -It just printed its 5th rejection candle yesterday which is not a good sign -This seems to be a profit-taking zone for short term buyers which are the Sellers -We only have few hours left before this daily candle and weekly closes -If the price can't hold above the 10 dollar area -I think it will likely test the importance.618 Fib level with the confluence of 20D MA -If the Bulls can defend the 8 dollar zone and recover back above the 11 dollar mark -The chance to retest the recent top increases in the coming days -For now, I can see a correction to test the important levels -This is not a major red flag as the market structure stills making higher lows -The only time I will turn heavily bearish if ZKIN will break below the 50D MA -Let us all enjoy this weekend and plan our next trade next week -Keep safe everyone! :)
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins plancton0618 🙏🎉
`````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````