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The downtrend $ZIL remains unchanged; a rebound to the key resistance level is an excellent shorting opportunity.
Short at resistance $ZIL
Entry: 0.00413 – 0.00415
Stop Loss: 0.00425
Take Profit 1: 0.00395
Take Profit 2: 0.00369
Take Profit 3: 0.00306
Although the price is in a deep oversold zone and the risk of chasing a short is high, the overall bearish alignment and MACD death cross indicate that the main trend remains downward. Currently, the price is compressed between narrow support and resistance levels, and any rebound to around 0.00415 will be a good opportunity for bears to re-establish positions. This often provides a better entry point and risk-reward ratio for the next wave of decline, rather than blindly shorting at weak lows.
Trade $ZIL. 👇 at resistance levels