💎 ZIL has undeniably captured significant attention in the market. It perfectly bounced from the demand area with a bullish candle rejection followed by a strong green candle. If BTC is supported with a consolidation movement over the weekend, ZIL is poised for significant upward movement, approaching the resistance level area and potentially breaking out. A successful breakout from the resistance level area, probability could lead to an easy movement for ZIL to reach our target area.
💎 However, if ZIL encounters resistance and consolidates in that area, there's a possibility of a retracement, with ZIL retracing back to test the demand area to build new momentum.
💎 The unfavorable scenario is confirmed if, during the retesting phase at the demand area, ZIL fails to maintain its position and undergoes a breakdown. In such a case, ZIL may shift to a bearish trend, potentially retracing to the demand area or even the strong demand area.