💔 Don't fall into the trap ZKsync exploded 162% and the markets risk humanity... this is what we need to learn
We completely understand the FOMO feeling that overwhelms any trader when they see ZKsync jumping 162% in just one weekend
Source: CryptoQuant
But the truth is we must look beyond the green candles: I see barriers that we must respect to protect our capital
🔥 Why did this madness happen?
ZKsync is playing smart on the overwhelming demand wave for privacy solutions, taking advantage of previous successes of currencies like ZCash. The composition is what caused the explosion: the efficiency of Layer 2 (L2) with the absolute secrecy provided by zero-knowledge proofs.
The artistic conscience is shouting: Don't act recklessly
The most valuable advice lies in the harsh truth of the charts
The structure of the downward deception: Despite this crazy rise, the daily technical structure of ZK has not changed one bit and remains bearish and stubborn
Source: TradingView
Pay attention here $0.065 this is not just a number
It is the last line of defense until we see a strong daily close above $0.065
We will continue to monitor this rise as a mandatory liquidation of short positions and a profit-taking process
Indicator shout: MFI is shouting enough, the currency is in a dangerously overbought zone
🛡️ Protection strategy: Where does true conviction lie?
Buying with a clear conscience if the currency returns to the $0.04 area where I see real liquidity stacking up here, I will put my money with a calm heart and without mental strain
Waiting is the best thing: Don't chase this price, we will wait steadily until the market breaks the number 0.065 to give us all historical confirmation
In summary, do not let emotions cloud your judgment; discipline is your only sword to protect your capital, invest responsibly
