$ZK is reacting after a clean liquidity grab, and I’m watching this pullback with intention.
The main reason I’m focused here is the sharp flush into the 0.0198 area. That move cleared weak holders and trapped late sellers. Immediately after, price flipped behavior and expanded aggressively. That tells me demand was already waiting below, and the downside move was used to fuel the upside.
Now price has pushed into the 0.031 zone and pulled back in a controlled way. This is not a breakdown. This is cooling after expansion, which is exactly what I want to see before continuation.
Market read
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