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【$ZETA Signal】Empty position, wait for the downtrend momentum to exhaust and confirm
$ZETA Price decline accompanied by high open interest, beware of chain reaction selling caused by long liquidation. Currently, there are no clear signs of buy absorption on the chart, indicating a downward driving phase, and it is not advisable to enter on the left side.
🎯Direction: Short
Wait for the price to show a clear stabilization pattern in the key support zone (such as 0.055-0.057), like a long lower shadow, shrinking volume, or decreasing open interest, or buy absorption behavior, before evaluating a long opportunity. The current market sentiment is leaning towards panic, and major players may be using high open interest to clean out positions.
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