Massive 21 million crashes through the floor! $ZKJ Dog Fund sets up a fishing trap at 0.32, bottom-fishing immediately!

ZKJ was brutally hit by shorts today, plummeting 3.6% to close at 0.3227, this large bearish candle directly pierced the consolidation range. The MACD double lines are lying below the zero axis; although green bars are popping up, there are clearly no signs of stopping the downtrend.

All three KDJ indicators are lying dead below 50, and any short-term rebound is weak. The key volume of 21 million is not insignificant, indicating that the dumping is serious. The Dog Fund is clearly setting a fake buy order around 0.32 to fish for retail investors.

The pressure level at 0.338 has now become an iron ceiling. In this kind of breakdown trend, don’t easily bottom-fish. If you really want to bet on a rebound, you must wait for a stable position above 0.33 before considering it, otherwise, it will just be sending heads to the bears. Today, I’m just watching from the sidelines.

In this kind of slow decline, being itchy will surely lead to death. It’s better to miss out than to make a mistake. The bulls want to turn things around unless there is a massive volume pulling back to 0.335; otherwise, it’s all just false signals!