2026-01-08 06:23:12

ZKP 15-minute chart shows a bearish divergence signal. The open interest has dropped from over 19 million to just above 16 million, which is a typical profit-taking and clearing stage. Currently, it is still in the first wave of decline, and no effective support has formed above 0.18. Next, attention should be paid to whether the 0.16 to 0.17 range can see increased volume to support a rebound. If this level cannot hold, it may directly bottom out to 0.1 later on.

The positive news has been fully digested, and what remains is a continued downward trend. It is recommended to stay on the sidelines and avoid rushing into long positions just because of a rebound. If you want to trade, a short-selling approach would be more appropriate. Be sure to watch out for rebound traps.

ZKP3,26%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

20 Likes

Reward
20
7
Repost
Share

Comment

0/400

Rugman_Walking

· 01-10 22:34

Another rebound to cut the leeks. This time, really don't get on board anymore; the holding volume is decreasing. Still pondering whether 0.16 can hold? I think it's doubtful, just look at 0.1. All the good news has been priced in, next is the scenario of a one-sided decline; bears are the way to go. The rebound trap is something people fall for every time. I don't believe in rebounds.

View OriginalReply0

GasWastingMaximalist

· 01-10 20:36

It's the same pattern again. I've seen it too many times. Every time there's a rebound, someone rushes in to buy the dip. Truly impossible to learn.

View OriginalReply0

WenMoon42

· 01-08 06:53

They're starting to harvest again, see you at 0.1

View OriginalReply0

HashRateHermit

· 01-08 06:44

It's another rebound trap. I'm tired of hearing this explanation, and what’s the result? --- Position volume plummeted by 3 million. That’s quite interesting. --- If 0.16 doesn’t hold, it’ll drop straight to 0.1? Who are you trying to scare? --- Once the good news is digested, it should fall. The logic makes sense, but who knows when the next good news will come? --- A bearish outlook is more appropriate... Why do I feel like this is discouraging small investors? --- The bearish divergence is back again. Will this be a false signal this time? --- If you don’t take the position, how will you sell off? Haha. --- If 0.18 doesn’t hold, what’s the point of talking about support?

View OriginalReply0

MetaverseHomeless

· 01-08 06:39

You're starting to cut the leeks again, huh? If you can't hold 0.16, you're directly probing 10 points? This story is too forced.

View OriginalReply0

TopBuyerForever

· 01-08 06:34

Coming to buy in again? I advise you to stay calm; this rebound is just to deceive you.

View OriginalReply0

TokenomicsShaman

· 01-08 06:31

It's another good time to buy the dip. We've seen all the rebound traps. --- The sharp decline in holdings really is a form of cutting the leeks. --- If it can't hold 0.16, it will directly drop to 0.1. At that point, it will be another round of bottom-fishing feast. --- Shorts are not wrong, but greedy people still get hurt during rebounds. --- After the good news is exhausted, it's just a matter of waiting for death. Just watch. --- I just want to know who will buy the dip at 0.17. Probably another round of being trapped. --- A typical sign of distribution. Smart people have already run. --- This drop is fierce. Going from 19 million to 16 million so quickly. --- Don't buy the dip. Really, wait until the rebound comes. --- I think 0.1 is uncertain. It might rebound early. It all depends on how the main players play.

View OriginalReply0