$ZIL Comprehensive technical analysis of the currency's performance on the weekly frame and the most important trading levels đđđ
This digital currency witnessed a significant increase in trading volume during early December 2024, as
The price jumped from 0.026857 to 0.034877. At the moment, the market is entering a correction phase within the upward trend, with the identification of major support and resistance points.
Key points of technical analysisă˝ď¸
1. Support and resistance areas
Main support: 0.02 level, which represents a vital barrier that maintains the upward trend.
Resistance: 0.035 level, which must be exceeded to continue achieving additional gains.
2. Moving Averages
Death Cross:
The short-term moving average forms a bearish cross with the long-term moving average,
which may indicate short-term selling pressure.
However, the long-term average is still moving in an upward direction, indicating strong support
In the medium term.
Strategic Tipsđ
Focus on monitoring the price action at the 0.02 level, as breaking or maintaining this support may determine the next direction.
Activate risk management by setting stop loss and take profit points to ensure capital protection.
Trading Recommendationsđă˝ď¸
In case of breaking the support (0.02)đ
The price decline below the support level may lead to a decline towards the 0.018 levels or lower, indicating
A larger corrective movement.
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