ZIL/USDT Potential Short SetupHello Traders!
ZIL continues to move within the descending channel.
The price is near the support level of $0.0330. Based on the nature of the price development, we can assume the exit of the price to the center of the channel - resistance level of $0.0580 with the purpose of collecting liquidity, after which the downward movement will continue.
Completion of such movement will be the price exit into the range of $0.0150-$0.0210 after the breakdown of the support level of $0.0330.
It's possible to look for medium-term purchases near the support level of $0.0150 in the price range of $0.0150 - $0.0210.
The targets will be the price levels of $0.0580 and $0.0845
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice