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$ZKP at the position of 0.1408 is indeed worth following. From the market data perspective, previous highs have created a significant resistance on the price, and multiple rebounds have been pushed back around this area, while the Trading Volume has started to increase - this is a typical bull trap signal. On the hourly chart, the highs are gradually declining, and the magnitude of each rebound is shrinking, indicating that the go long force is gradually weakening.
As a new cryptocurrency, this type of trend often attracts follow-up trading, but when the Trading Volume expands and the price does not move, it is often a sign that funds are quietly leaving the market. From a technical perspective, this is a comfortable entry point for bears—operating in line with the structure is more assured than waiting for fundamental news.
The cost-effectiveness of continuing to go long at this position is indeed not high. On the contrary, those traders who understand how to read the market data and identify structures are already waiting for the next direction confirmation. Instead of getting entangled in market sentiment, it's better to spend more time understanding what the market data is saying.