ZN1! Short : Price is approaching to the reversal point !

Let's take a look at ZN1 from a broad perspective! , based on thecnichal analysis, the price appears to be breaking the uptrend channel with high bearish volume after bouncing into it for years, and the EMAs indicators are indicating that the chart is controlled by bears due to their breakouts, and now it's facing a strong support which is located in the trend reversal point, which is 50 percent of fibonacci levels, and the RSI is stuck in an oversold area. As a result, we can forecast that the price will continue to fall if he breaks the support, which connects with the 50 percent fibonacci, while also keeping an eye on the potential pullback to the support, which will become a resistance in the event of a breakout owing to the oversold condition. If the price does not break through the support, there will be a pullback on the support, and we will be looking for long positions. Also, keep an eye on sideways moves in the support zone, where we might see a lot of volume accumulation.

Please adhere to the entry TP SL or create your own based on your preferences; I based mine on Fibonacci and support zones.

Best of Luck Investors !