ZILUSDT.P trade ideas
SHORTING opportunityIn my opinion, ZIl is indeed finding support over at 0.107 / 0.11 but all the candles that are forming are very bearish. A lot of inverted hammers and no volume when it comes to buying power. Not a lot of volume when it comes to selling either but this only tells me that the hype is kinda dead right now and all the bag holders will eventually sell. If it dips below 0.09 then for sure is a short scenario and I will be adding to my position. I endured a margin call with this coin but fortunately, I rebounded. Safe trading everyone
Looks like $zil #zilliqa continues Looks like Bitcoin maybe rejected at 40k range? DXY is also appears to be strong? This could mean more downward trend unless DXY drops this BTC takes off. However like before I still don't see that happening for a while as bond yields and dxy still appear strong in weak stick market to which BTC seems to be pegged to. NFA.
ZIL/USDT potential longCurrently we are recovering on the 4hr chart. Technicals are looking healthy for an upwards push to the 0.13-0.14 region.
We are making lower highs with each push upwards however I see a push into of the range to aim higher.
Potentially a push upwards starting the fresh new trading week with the Weekly candlestick close.
This is not financial advice.