BINANCE:ZILUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
ZIL has formed a descending channel and it has reached the channel's top. Despite the current market's bias, I'm expecting more corrections to come; Because of the recent bounce without any retracement.
In macro overview, It must come with a fake-out above the channel and experience the rejection from the higher resistance zone at $0.11. So based on the data we have, There'll be opportunities to take Short on... - On the rejection of $0.11's resistance zone and current rejection from S/R line and channel's high. - On the proper retest of broken lower S/R zone at $0.85.
🔴 Invalidation should be located as active management above the higher resistance zone.
Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision.