-ZKIN almost closes below the 4 dollars key support zone -But the bulls defended that region with a strong rejection candle -The price manages to regain above 4 dollars respecting the trendline support -This is a good sign of strength in the short term -Yesterday, the bulls tried to break above the resistance line but failed -If the price will revisit the 4 dollar key level -I think that is the last chance for the buyers to break outside this channel -Technically, this descending channel is bullish but we need a confirmation -A signal to enter a long position is once the trendline is broken upwards -You will have a good risk to reward ratio and a stop loss below 3.8 dollars -The upside potential can be up to 6.5 dollars or the top of descending channel -I'm expecting 1 more trading week before we can see a good market direction -Please be patient and wait for the proper confirmation to trigger the buy button -Stay healthy and keep safe everyone!
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