Break from previous 36 day resistance, now watching to see if it pushes through the next level.
Will be targeting 22% if Bullish entry taken.
Still prefer the lower entry options but the boat may have been missed there.
Patience important as a rejection here may see a 9% dip for a better buy-in price but keep an eye on it. If it moves north it may move fast. RSI and MACD suggest a correction but the markets aren't exactly following the playbook at the moment.
As always not financial advice, just my thoughts and TA. Bingaz.
will this be a good entry, since its showing bearish divergence on the rsi
Bingaz
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@abel11, Exactly! Definitely High risk - as I said "RSI and MACD suggest a correction but the markets aren't exactly following the playbook at the moment" Personally I think it makes more sense to get rejected here. My preferred entry is shown but if it does break this current resistance I think it'll be good for solid pump. The staking to earn ZIL went live so that is certainly impacting price.