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ZKP recent 24-hour short liquidation volume reached $2.96 million, reflecting intense confrontation among market participants. In comparison, long liquidations amounted to only $1.96 million, indicating that the current short-selling force is under pressure.
From a technical perspective, the indicators are quite positive. The EMA system shows a standard bullish alignment of 7>25>99, and the MACD has formed a golden cross pointing upward. This type of technical combination usually signals the accumulation of short-term upward momentum.
Combined with liquidation data, there are clear signs of abnormal active funds within the market. In this context, traders can consider the following key price levels:
• Around $0.166 as a low reference point
• $0.151 as a deeper retracement support
• $0.224 as an upward breakout target
For risk management, setting a stop-loss below $0.151 is more reasonable. Any trading decision should be based on individual risk tolerance, and market volatility should still be approached with caution.