【$ZIL Signal】Bullish | Healthy Pullback After Volume Breakout
After a massive surge, $ZIL consolidates in a narrow range below the previous high resistance zone, forming a healthy cooldown.
🎯Direction: Bullish
🎯Entry: 0.00458 - 0.00468
🛑Stop Loss: 0.00440 (Rigid Stop Loss)
🚀Target 1: 0.00495
🚀Target 2: 0.00525
Hardcore Logic: A massive bullish candle appears on the 4H chart (trading volume of 18 billion), breaking through the recent consolidation zone. Subsequently, the K-line contracts on volume and pulls back, with buy/sell ratio stabilizing above 0.5, indicating limited selling pressure. Open interest remains stable, combined with negative funding rates, suggesting the rally is driven by spot buying or short covering rather than excessive futures leverage. The current price consolidates in the middle of the massive candle area, a typical healthy pullback after a breakout. The order book shows dense buy support below 0.0046. As long as the low of the massive candle isn’t broken, testing the previous high upward is highly probable.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Reward
like
1
Repost
Share
Comment
0/400
GateUser-d2171638
· 2h ago
The overall environment is still not very good. When this wave will truly rebound still needs an opportunity.
【$ZIL Signal】Bullish | Healthy Pullback After Volume Breakout
After a massive surge, $ZIL consolidates in a narrow range below the previous high resistance zone, forming a healthy cooldown.
🎯Direction: Bullish
🎯Entry: 0.00458 - 0.00468
🛑Stop Loss: 0.00440 (Rigid Stop Loss)
🚀Target 1: 0.00495
🚀Target 2: 0.00525
Hardcore Logic: A massive bullish candle appears on the 4H chart (trading volume of 18 billion), breaking through the recent consolidation zone. Subsequently, the K-line contracts on volume and pulls back, with buy/sell ratio stabilizing above 0.5, indicating limited selling pressure. Open interest remains stable, combined with negative funding rates, suggesting the rally is driven by spot buying or short covering rather than excessive futures leverage. The current price consolidates in the middle of the massive candle area, a typical healthy pullback after a breakout. The order book shows dense buy support below 0.0046. As long as the low of the massive candle isn’t broken, testing the previous high upward is highly probable.
Trade here 👇 $ZIL
---
Follow me: Get more real-time analysis and insights on the crypto market!