$ZIL – bearish reversal, short with the trend

Short $ZIL setup

• Entry: 0.0051 – 0.0049

• TP: 0.0045 – 0.0040 – 0.0035

• SL: 0.0055

ZIL previously spiked on the H4 timeframe with a sudden surge in volume, but then quickly reversed and dumped as selling pressure increased. The current trend has turned bearish, so priority is to look for short entries in line with the downtrend.

ZIL
ZILUSDT
0.00428
-19.54%