ZIL/USDT : Reached channel's top! 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.
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Attention: this isn't financial advice we are just trying to help people with their vision.
Have a good day!
@Helical_Trades des
