-ZK continue its short term correction today -The price has entered the mid 7 dollars range -The 50D Moving Average also entered the 7 dollar level -This will likely catch up with the price and potential give extra support -If I'm bullish, I want to see ZK hold the yellow box above the 50D MA -Because if we hold that, the chances to break the trendline resistance increases -I think Zk will consolidate in the next 5 days before deciding to go higher or not -There are two potential trading approach here -First is to enter at the current market price provided it is still above 50D MA -The second plan is to enter once the trendline resistance is broken upwards -We have high-risk trade but high reward plan and a much conservative entry but the lower reward -It all depends on your risk appetite and market condition -As long as you have a trading plan including risk management -Entering any potential trade would be easy -So always practice small and develop a well-disciplined trader
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