$ZIG sitting on a knife's edge 🔪
Weekly chart showing bearish flag formation. No breakdown yet, but if $0.038 fails, we're looking at 40-80% downside.
Targets if it breaks:
$0.026 / $0.014 / $0.0076
Invalidation: weekly close above $0.067
Context matters: $ZIG ran 4,148% from July '23 to Dec '24. Parabolic moves like that always retrace hard. This is the hangover phase.
Watch $0.038 like a hawk. Until it breaks, it's just a setup. If it does, exit liquidity gets ugly fast.
NFA. Trade your own risk.
Weekly chart showing bearish flag formation. No breakdown yet, but if $0.038 fails, we're looking at 40-80% downside.
Targets if it breaks:
$0.026 / $0.014 / $0.0076
Invalidation: weekly close above $0.067
Context matters: $ZIG ran 4,148% from July '23 to Dec '24. Parabolic moves like that always retrace hard. This is the hangover phase.
Watch $0.038 like a hawk. Until it breaks, it's just a setup. If it does, exit liquidity gets ugly fast.
NFA. Trade your own risk.
