$ZKP experienced a healthy profit-taking and price reset after a single-day surge of 32%. The 4H level candlestick has formed a support platform in the range of 0.10-0.104, which is a typical bullish handover zone, not a top structure.
🎯 Direction: Long
🎯 Entry: 0.101 - 0.1035
🛑 Stop Loss: 0.0969 (break below the previous low and the lower ATR, rigid stop loss)
🚀 Target 1: 0.118
🚀 Target 2: 0.13
The core logic lies in recognizing that this is a short squeeze market rather than a simple price increase for unloading. The funding rate is deeply negative (-0.2373%) combined with stable positions, indicating that short positions are still under pressure, and the short squeeze momentum has not fully released. The price remains above EMA20 (0.0922), and the trend structure is intact. The current pullback volume is shrinking, and the depth of buy orders is imbalanced (-11.05%), indicating accumulation of buy orders below, with institutions clearly showing intent to support at key levels. RSI (63.38) has healthily retraced from the overbought zone, building momentum for the next wave of increase. The stop loss is set below the previous low before the surge, with a risk-reward ratio > 2.5, and the risk is controllable.
Trade here 👇$ZKP
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