You all must have been attracted by that bullish belt hold of the ZKP project, right?

Stop and think, is this really value discovery?

The spot trading just started on December 19, and the contract trading quickly opened on the 21st. Just feel this rhythm—why the rush? The answer is straightforward: the hype is only for these few days, and the big players want to harvest the most profitable wave of buyers while market sentiment is at its peak.

In the market of the new coin during the first three days, there isn't much technical analysis to speak of; it's all driven by emotions. Entering at this stage is not called investment; to put it bluntly, it's just gambling. Once the big players finish unloading, the kind of sharp rise and fall in the trend will have no support levels when it drops, and it will fall particularly hard.

Don't be fooled by the surface trading volume. A trading volume of 1.2 billion may seem lively, but in reality, it could just be market makers and trend-following traders trading with each other.

**Practical suggestions:**

First, don't blindly short. New coins do not have a clear top, and the market makers may very well continue to push the price up to 0.25 or even higher to lure in buyers, only to then crash it down.

Second, never chase the highs. The current price of 0.19 is essentially a bubble. Those who chase high prices at this time are typical "greater fool" players.

The smartest strategy is actually to wait. Wait until there is a clear long upper shadow on the daily chart, or when the trading volume starts to shrink and the price breaks below key support levels; that is when the bears have a real entry opportunity. For now? Just sit back and watch.