🐳 $ZK Quick take on fund flows:
Trading volume was 5.7 times the 20-day average → a large amount of supply changed hands near the 90-day high.
A high-volume breakout above the previous high of 0.01572 is commonly interpreted in one of two ways: buyers aggressively absorbed the selling pressure at the previous high (bullish), or big holders used the hype to sell (bearish). To tell which, watch whether the price can hold above the previous high after the breakout.
Trading volume was 5.7 times the 20-day average → a large amount of supply changed hands near the 90-day high.
A high-volume breakout above the previous high of 0.01572 is commonly interpreted in one of two ways: buyers aggressively absorbed the selling pressure at the previous high (bullish), or big holders used the hype to sell (bearish). To tell which, watch whether the price can hold above the previous high after the breakout.