Guys What do you think about my $ZIL Analysis
Direction SHORTStrong downtrend, price below all major MAs, and failure to recover above the recent consolidation area.
Entry0.00535 - 0.00540
Enter on a small retest of the immediate support-turned-resistance area (which is where the 7/25 MAs are acting).
Exit (Take Profit)0.00510
Target the retest of the most recent significant low at approximately 0.00508.
Stop Loss0.00555
Place the stop loss just above the recent high/consolidation top and the MA(99) on the 1H chart to protect against a trend reversal.
ZILUSDT
Perp
0.00512
-4.83%
