Technical analysis by karmatseringhyolmo about Symbol ZK: Buy recommendation (1/27/2025)

Market Overview:The ZK/USDT pair has recently rejected the 0.1350 support level, showing signs of bullish potential. A zigzag corrective pattern (ABC) has completed, and the price is currently at 0.1364. This pattern resembles a historically similar setup, as shown in the image from TradingView. We expect a continuation of the bullish trend, targeting key resistance levels.Analysis:Current Price: 0.1364Timeframe: Daily (1D)Key Levels:Stop loss (SL): 0.1276Entry: 0.1364 (Current Market Price)TP1: 0.157TP2: 0.18TP3: 0.215Trade Setup:Entry: 0.1364 (at CMP)Stop Loss (SL): 0.1276Take Profit (TP):TP1: 0.157TP2: 0.18TP3: 0.215Risk-to-Reward Ratios:For TP1:Risk/Reward = 0.0088 / 0.0206 = 1:2.34For TP2:Risk/Reward = 0.0088 / 0.0436 = 1:4.95For TP3:Risk/Reward = 0.0088 / 0.0786 = 1:8.94Confluences:Zigzag Pattern CompletionSupport Rejection: price reaction at the 0.1350 zone, confirming buyer interest. Cypher Pattern formation.Risk Management:"Risk no more than 1-2% of your account per trade. Proper position sizing and a disciplined approach are key to long-term success."Disclaimer:"This analysis is for educational purposes only and does not constitute financial advice. Trading cryptocurrencies involves risk, and past performance is not indicative of future results. Always conduct your own research and consult a financial advisor before making investment decisions."Firt TP hit