Looking at the 15-minute chart of $ZKP, the signs of a top divergence are already very obvious. Check the open interest, which has dropped straight from over 19 million to just above 16 million. This is a typical profit-taking liquidation phenomenon—big players are fleeing, and the chips are loosening.
Currently, this wave of decline has not yet fully played out; above the 0.18 line, there is no effective downward resistance formed. The key levels to watch are around 0.16 to 0.17, to see if volume can be released and if new buying interest can be gathered.
Honestly, if these levels can't hold, then don't hold any illusions—target straight for 0.1.
Most of the positive factors have already been priced in, and the remaining logic is very simple—continue downward. The most important thing at this point is to stay away; it's better to do nothing. If you really want to trade, consider shorting, but be sure not to get tempted into going long at the first sign of a rebound to catch the falling knife. In this kind of market, the cost of catching the falling knife is too high.
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BitcoinDaddy
· 01-11 06:25
The big players have run away, this time it's really over
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If 0.16 can't hold, it's straight to hell. Don't ask me how I know
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Here we go again with the shorting rhythm. Brothers who are buying the dip, my condolences
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The position volume is plunging so hard, and some still dare to buy the bottom? I don't have that courage
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All the good news has been absorbed, next is to eat the limit-down, lie down and relax
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This wave saying to go long is just asking for death. I advise you not to be reckless
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If 0.1 really breaks, ZKP will be completely useless
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Looking at the technicals, it's one word—run, the faster the better
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Big players are fleeing, and retail investors still want to buy the dip? Wake up, brothers
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Doing nothing is the best. I agree with that; anyway, you won't make any money
View OriginalReply0
GasWaster69
· 01-09 15:20
The signals of big players running away are so obvious, and some people still dare to take over? I'm speechless.
The holding volume keeps declining, this is a warning bell for us.
If 0.16 can't hold, it will directly head to 0.1, there's nothing more to say.
Better to stay out of the market than to be a bagholder, a painful lesson.
Thinking of catching the bottom on a rebound? Wake up, everyone. The smartest move right now is to lie flat.
Watching the chips loosen, it feels like this wave is far from over.
View OriginalReply0
BearMarketSurvivor
· 01-08 07:00
Big players have indeed run away, the decline in open interest is looking quite desperate, if 0.16 can't hold, there's really no hope.
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Another script of "good news digested and continuing to decline," this time ZKP is really going to eat noodles.
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Don't ask me why I didn't buy the dip, just wait until it hits 0.1.
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The common problem with bagholders is that they see a green candle and want to buy the dip, which means they are losing money to the fullest.
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Bear divergence + loose chips, maxed-out combo skills, short sellers are ecstatic.
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Once 0.18 breaks, there's not much support left; the road down is still long.
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Standing firm like a mountain—that's the art of living; everything else is courting death.
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With such a big drop in open interest, it shows that smart people have already run away. What are those still here doing?
View OriginalReply0
EyeOfTheTokenStorm
· 01-08 06:48
The signs of big players fleeing are so obvious, and some people are still stacking above 0.18? Wake up, everyone. The holding volume dropping straight down can't be lied about.
If you ask me, the 0.16-0.17 level is the life and death line. Break it, and there's no need for nonsense—just head straight to 0.1. Going long to catch the dip? Bro, do you want to lose money?
This wave should be avoided. Rebounds quickly kill short positions. Don't indulge in those fantasies.
View OriginalReply0
DecentralizeMe
· 01-08 06:46
Large investors run away, retail investors take over, I've seen this too many times.
The bearish divergence is so obvious, and you still want to buy the dip? Wake up, everyone.
If 0.16 doesn't hold, it will directly drop to 0.1, no suspense.
Shorts only, no longs, it's that simple.
With such a drop in open interest, who would dare to buy?
Don't ask me why I didn't buy the dip, because I'm cowardly.
Just waiting to see who will be the last bagholder.
Looking at the 15-minute chart of $ZKP, the signs of a top divergence are already very obvious. Check the open interest, which has dropped straight from over 19 million to just above 16 million. This is a typical profit-taking liquidation phenomenon—big players are fleeing, and the chips are loosening.
Currently, this wave of decline has not yet fully played out; above the 0.18 line, there is no effective downward resistance formed. The key levels to watch are around 0.16 to 0.17, to see if volume can be released and if new buying interest can be gathered.
Honestly, if these levels can't hold, then don't hold any illusions—target straight for 0.1.
Most of the positive factors have already been priced in, and the remaining logic is very simple—continue downward. The most important thing at this point is to stay away; it's better to do nothing. If you really want to trade, consider shorting, but be sure not to get tempted into going long at the first sign of a rebound to catch the falling knife. In this kind of market, the cost of catching the falling knife is too high.