🚀 $ZKC /USDT: Is a powerful Short Squeeze brewing?
Current price: ~$0.0521 (+32%)
An extremely interesting and dangerous situation for shorts is emerging in the $ZKC market.
📊 Key factors:
Extreme Funding Rate: The funding rate has fallen to -1.0066%. Shorts are overloaded and are literally paying longs to hold their positions.
Whale Trap: 102 whales are sitting in shorts with an average entry price of $0.0492 (with a loss of >$19.9k). Meanwhile, profitable longs continue to hold their positions.
Liquidity Magnet: According to Heatmap, huge pools of short liquidations have accumulated in the $0.0539–$0.0570 area.
🟢 Trading plan (LONG):
Entry (Limit): $0.0490 – $0.0505 (on correction pick)
Take profits: $0.0540 / $0.0570 / $0.0600
Stop loss: $0.0460
⚠️ After a local pullback, negative funding together with short liquidations can push the price with momentum upwards.
Current price: ~$0.0521 (+32%)
An extremely interesting and dangerous situation for shorts is emerging in the $ZKC market.
📊 Key factors:
Extreme Funding Rate: The funding rate has fallen to -1.0066%. Shorts are overloaded and are literally paying longs to hold their positions.
Whale Trap: 102 whales are sitting in shorts with an average entry price of $0.0492 (with a loss of >$19.9k). Meanwhile, profitable longs continue to hold their positions.
Liquidity Magnet: According to Heatmap, huge pools of short liquidations have accumulated in the $0.0539–$0.0570 area.
🟢 Trading plan (LONG):
Entry (Limit): $0.0490 – $0.0505 (on correction pick)
Take profits: $0.0540 / $0.0570 / $0.0600
Stop loss: $0.0460
⚠️ After a local pullback, negative funding together with short liquidations can push the price with momentum upwards.
