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ZKP Short-Term Trend Analysis: This rebound looks fierce, but the details reveal the true intentions of the main players.
From the candlestick pattern, ZKPUSDT hit a high of 0.17765 on the four-hour chart and then started to turn around, with this high point being very precisely resisted. Looking further down, the MA60 moving average is firmly pressing down at 0.16625, indicating strong medium-term resistance. The RSI indicator has already approached 57.3761, and is about to enter the overbought zone, which is not a good sign.
The MACD is even more interesting—there's almost no increase in the red histogram, showing signs of weakening, combined with the price facing resistance and falling back from high levels, suggesting heavy distribution by the main players.
From a trading perspective, the current price at 0.16554 can be considered for short positions. Set the stop-loss below the previous high at 0.17765 to keep risk manageable. The first target is around 0.16000; if broken, look further down to 0.15500.
Don’t rush to hold trend orders, and short-term traders should avoid chasing rallies. The best approach is to wait until the main players have fully distributed, confirm the trend direction, and then go short.