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.
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MEVHunter_9000
· 13h ago
The short squeeze is so fierce, it's like they're about to reverse and push the market up.
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tokenomics_truther
· 01-08 23:49
The shorts lost so much money, while the longs only have around two million. This game doesn't seem quite right.
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ForkYouPayMe
· 01-08 23:49
The short squeeze is so intense, it feels like it's about to take off!
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ForkInTheRoad
· 01-08 23:40
The short squeeze is so intense, it feels like the shorts are about to be wiped out again.
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SandwichTrader
· 01-08 23:35
With so many short positions being liquidated, it feels like a sell-off is coming again. Better to be cautious.
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.