🔥$ZIL Strongly Bullish, expect pullback before continuation
Explosive 55% rally breached multiple resistance levels, with the current price sitting just below the resistance 0.0064.
The long wicks on recent 1h candles (particularly at 0.006 show rejection at higher levels. The 38.1% retracement from 24h low to high provides strong support at 0.0052
Contract net inflows show strong positive momentum across multiple timeframes (30m: 2.16M, 1H: 2.25M, 24H: 2.45M), indicating sustained buying pressure in derivatives.
Entry long $ZIL
• Wait for pullback to the 0.0052-0.0055 support zone and MA5 confluence)
• Aggressive traders could consider small entries at current levels with tight stops.
Stop Loss: Set at 0.0042 if entering at 0.0052
Target Price $ZIL
• Initial target at resistance 0.00638
• Secondary target at 0.0068
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