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Zilliqa / TetherUS PERPETUAL CONTRACT

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ZILUSDT.P trade ideas

ZIL Update after a miniscule pump.My take is the same as my previous post on ZIL. My sentiment is still bullish on ZIL despite BTC showing some weakness after a rejection to 42k. ZIL currently trading high in volume and is decoupling from BTC. I believed most traders had already entered their positions and late traders are looking for small retracement once an opportunity showed up. This could possibly drive another breakout towards ZIL's previous local top of around 0.2 cents. However, Before this push, I expect people to take some profits but also expect that retracement would be <5%. Spotted some cup and handle patterns on 4H and daily timeframes. This might be a possible outcome but it does not play out every time. Staking on Moonlet dropped from over 15% to 14%ish. This is bullish because ZIL has successfully turned buyers into holders by attracting them into their staking pool. This essentially means that more people are staking and locked for 2 weeks, hence staking % is going down. Sell pressure may only come when we meet the key resistance levels I previously posted. Market may turn ugly at anytime because everything is unpredictable and BTC is the king. I am currently 60% bullish on this trade. Good luck
Long
by Ladadad1313
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
by AndreiIsfan
4