🐋 $ZIL broke below its 30-day low; selling pressure hasn't ended.
Current price: 0.002749, below the previous low of 0.002815, with 24-hour trading volume of $1.54 million.
Many long-position stop-loss orders tend to cluster below the previous low, so breaking below it can trigger a cascade of stop-losses. Watch for any large orders absorbing the selling at lower levels.
Current price: 0.002749, below the previous low of 0.002815, with 24-hour trading volume of $1.54 million.
Many long-position stop-loss orders tend to cluster below the previous low, so breaking below it can trigger a cascade of stop-losses. Watch for any large orders absorbing the selling at lower levels.