$ZIL : Short Liquidation Sparks Bullish Opportunity!
š $9.1711K in shorts liquidated at $0.02474, signaling a potential bullish move in Zilliqa (ZIL). This could be the start of a recovery rally. Letās outline the plan for the next trade.
Key Levels to Watch
Support Zone: $0.02450 - $0.02500 (critical demand area).
Resistance Zone: $0.02600 - $0.02650 (breakout level).
Potential Targets After Breakout:
1. $0.02800 (short-term).
2. $0.03000 (medium-term).
3. $0.03500 (long-term).
Trading Plan for $ZIL
Buy Zone
Dip Entry: $0.02450 - $0.02500 (if price retests support).
Breakout Entry: Add positions above $0.02600 with strong confirmation.
Targets
1. Target 1: $0.02800
2. Target 2: $0.03000
3. Target 3: $0.03500
Stop Loss
Stop Loss Level: $0.02400 (below support to manage risk).
Whatās Next?
1. Bullish Scenario:
If ZIL holds above $0.02500 and breaks $0.02600, expect a rally toward $0.02800 and beyond.
2. Bearish Scenario:
A drop below $0.02400 could lead to further downsideāavoid buying in this case.
š” Tips:
Monitor Volume: Ensure thereās strong buying pressure during a breakout above $0.02600.
Risk Management: Keep your stop loss tight to protect your investment.
$ZIL shows strong potentialāGet ready for the next big move! šÆ
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