I’m looking at $ZIL /USDT on the 15m chart, and the first thing I notice is the bounce from the visible low at 0.003519. Price is now around 0.003593, sitting slightly above the MA(7) at 0.003581, but still below MA(25) at 0.003634 and MA(99) at 0.003684.
For me, this is a recovery attempt rather than a confirmed trend reversal. I’d like to see price hold above 0.003581 and push through 0.003628–0.003634 before getting more confident. The recent candles show buyers stepping in, but the higher moving averages are still overhead resistance.
📍 Entry: 0.003581–0.003593
🎯 TP1: 0.003628
🎯 TP2: 0.003666
🎯 TP3: 0.003705
🛑 Invalidation: 0.003519
If price loses 0.003519, I’d step away from this setup because that would break the visible recent low and weaken the bounce idea.
I’m waiting for confirmation around 0.003628–0.003634 rather than chasing the current candle. The setup has potential, but it still needs to prove buyers can reclaim the overhead resistance.
For me, this is a recovery attempt rather than a confirmed trend reversal. I’d like to see price hold above 0.003581 and push through 0.003628–0.003634 before getting more confident. The recent candles show buyers stepping in, but the higher moving averages are still overhead resistance.
📍 Entry: 0.003581–0.003593
🎯 TP1: 0.003628
🎯 TP2: 0.003666
🎯 TP3: 0.003705
🛑 Invalidation: 0.003519
If price loses 0.003519, I’d step away from this setup because that would break the visible recent low and weaken the bounce idea.
I’m waiting for confirmation around 0.003628–0.003634 rather than chasing the current candle. The setup has potential, but it still needs to prove buyers can reclaim the overhead resistance.
