$ZKC This wave of movements feels very much like capital is on the sidelines, hesitant to heavily participate.

The technicals indeed provide some bullish signals, with the bullish engulfing pattern in the candlesticks and the golden cross of the moving averages, which should theoretically be a good bullish signal. However, the problem is that the trading volume has shrunk significantly, akin to someone talking to themselves in an empty room; no matter how loud they speak, it doesn't mean much.

The price is still operating below the VWAP, and this detail is very important. The VWAP can be understood as the market's "fair value line"; if the price is below it, it indicates that current buyers are actually buying at relatively high levels.

From the perspective of range oscillation, the position at 0.128 does indeed present considerable resistance, having been blocked multiple times here before. If I were to operate, I would prefer to look for opportunities to go long around 0.1054, as the risk is relatively manageable. After all, in a ranging market, buying low and selling high is the most prudent strategy.