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ZKIN INTERNATIONAL (Test The 100D MA?) for NASDAQ:ZKIN by PolarHusk

💎Technical Analysis Summary💎

NASDAQ: ZKIN

-ZK continue to trail below the trendline resistance

-The price is currently rejected by the 50D MA

-We haven’t seen any strong move up by the Bulls

-ZK is now -60% from the high price

-When do we expect any potential reversal?

-Since we have lost the 50D MA area

-The next important key level of support is at 5 dollars

-This is very crucial and the Bulls must defend this region

-The 5 dollar area has been resistant and flips to support before

-If we will see the same reaction last time

-I think this area is a high probable for short term reversal

-The 100D MA also coincide in this area which may act as support if tested

-This is a wait and see scenario planning

-So please make sure you have proper risk management

-Never go all-in and always protect your capital

-I will update this idea once I see a good sign of strength

-For now, be patient and wait for the correct signal to enter

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