ZKCUSDT: short setup from daily support at 0.3228

2 ott

ZKCUSDT.P has been falling almost continuously since its listing, with short pauses.
Right now, after another downward impulse, I see a pause. This consolidation could last for a day or for several—it's impossible to predict.
However, a clear tendency is visible on the chart: drop → consolidation → drop.

Key factors for this scenario

• Global & local trend alignment
  
• Price void / low liquidity zone beyond level
  
• Asset decoupled from the market (relative strength/weakness vs. BTC)
  

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3 ott

Nota

ZKCUSDT.P continues to be in consolidation.
Continuing to wait.

4 ott

Trade attivo

ZKCUSDT.P has broken the level.
I am waiting for my 5-to-1 target. Currently, the risk/reward ratio is at 4-to-1.
In such cases, it is a good idea to move the stop-loss to break-even.

6 ott

Ordine annullato

The 5-to-1 ratio was not reached, so the scenario is considered closed at break-even.
In such cases, I advise moving the position to break-even to avoid taking a loss on a trade that was at one point showing a 4.5-to-1 profit.
At the same time, it's not mandatory to wait for exactly 5-to-1—everyone must act according to their own trading strategy.