$ZIL – Explosive Breakout from Consolidation: Target Retest of 0.0062
Long Zilliqa $ZIL
Entry: 0.00540 – 0.00555
SL: 0.00510
TP: 0.00590 – 0.00625 – 0.00700
Price Action Description:
On the 12h chart, $ZIL has just delivered an impressive rejection after tapping the confluence of the MA99 and MA25 support bands. The current candlestick structure is highly bullish, featuring a large green candle supported by a massive spike in trading volume, indicating that big players have officially entered the market. By surging above the steep MA7 and breaking out of its previous horizontal accumulation phase, the bulls have clearly taken full control of the trend. Given this strong momentum, I expect ZIL to swiftly reclaim its previous local high near 0.00624 and continue its upward trajectory as the long-term bullish trend gains further traction.
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