#美联储回购协议计划 $ZKP is currently caught in a oscillation vicious cycle. The latest transaction price is 0.15043, up 0.41% today, but the fluctuation range is only 1.50%, which is indeed not large. Overall, it looks like a pattern of first falling then rising, with no particularly strong directional sense.

**What do the moving averages say**

The short-term 5-day moving average is around 0.1498, and the 10-day moving average is at 0.1482. Both are trending upward, indicating short-term rebound momentum. But the medium-term is less promising; the 20-day at 0.1520 and the 60-day at 0.1510 are both sloping downward, which means that although rebounds are possible, the space might be limited, so be cautious.

**Signals from Bollinger Bands**

Upper band at 0.15787, lower band at 0.14052. The current price is near the middle band. Recently, volatility has decreased, and the Bollinger Bands are narrowing, which usually indicates either a breakout or continued oscillation, with an unclear direction. If it breaks above the upper band, there is room to move higher; if it breaks below the lower band, it may continue to fall. It’s that simple.

**MACD and RSI signals**

MACD DIF is 0.00167, DEA is 0.00209. The histogram has shifted from green to red — a golden cross has appeared, indicating short-term bullish momentum. RSI(6) and RSI(12) are at 53.94 and 52.86 respectively, both in a neutral to slightly strong zone, neither overbought nor oversold, suggesting momentum still looks healthy.

**What is a reasonable trading approach**

From a short-term perspective, wait for the price to retest the middle Bollinger Band (0.1492) or the 5-day moving average (0.1498) before entering, using these two levels as support. Set stop-loss below 0.1480. For targets, first aim for the upper Bollinger Band at 0.1579, then the previous high at 0.1620. Remember to trade with a small position, add to your position when profits are realized, and avoid going all-in at once.

Currently, the Fed’s repurchase agreement plan is also putting pressure on market expectations, so although there is a short-term rebound opportunity, the medium-term trend remains weak. The most practical approach is to focus on short-term long positions, with medium-term short positions as insurance, and be prepared for both. Don’t forget strict stop-loss and take-profit strategies — that’s the key to longevity.