Hey guys, look at ZKP! Since yesterday morning it has been hovering around $0.09, thought it would stay low forever. To my surprise, overnight it made a growth like it had a jet engine, shooting straight up to nearly $0.18. This pace is no joke!
The interesting part is, while the price skyrockets, the OI-Weighted line (the blue line) initially trends down slightly, before it starts to rise a bit. What does that mean? It means that at first, the new money hasn't flooded in, but the price keeps rising rapidly. There's a high chance that there is a very strong buying force sweeping up the stock or that some shorts are being forced to cover massively, pushing the price up. The market with low liquidity is very susceptible to moves like this.
Now the price has reached a new high, those who missed the boat should be careful. If it shoots up quickly, it can also drop just as fast. Anyone holding should take profit in parts to secure capital. And for those planning to enter, wait for it to correct to a nice support zone before jumping in, don't FOMO at this moment. Seeing the price soar like this is indeed exciting, but staying calm is better! Be careful of getting hit by a sudden drop.
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