ZIL Accumulation activated
Will have a tight stop loss here, I think ZIL is in for a big fall if we fail to hold 897. 940 is stubborn support/resistance , and is where the last run began. 897 is old school support. 981 is .718 of the big may run. Those levels will need attention to make the right decision whether to bail or not. There's a big whale that shows up occasionally and until he's finished accumulating, ZIL isn't going anywhere. He'll likely appear at one of these levels to reinforce the resistance.
Target Buy: 897-903.
Targets: 940 - 979 - 1039 - 1254. Will examine indicators before selling at any level, because if ZIL breaks the long term downtrend, then it's in for a good run.
Stop: If 887 then sell 100% at 882. I don't think it will dip below 890, but if it does, I'll market sell and look for a lower entry, with the absolute fomo bottom being around 830.
Like most other alts, the dip below 897 was due to btc 0.15% 0.01% dominance FOMO.
Target Buy: 897-903.
Targets: 940 - 979 - 1039 - 1254. Will examine indicators before selling at any level, because if ZIL breaks the long term downtrend, then it's in for a good run.
Stop: If 887 then sell 100% at 882. I don't think it will dip below 890, but if it does, I'll market sell and look for a lower entry, with the absolute fomo bottom being around 830.
Like most other alts, the dip below 897 was due to btc 0.15% 0.01% dominance FOMO.
Trade closed: stop reached
Stop reached, sold for 890, 1% loss. Bought back an hour later for 884 and made the loss back when we failed to break 900 (sold 896). ZIL really needs more volume before it can break the sell walls in the 920s. Will continue to monitor, waiting for true bottom.Note
Made new entry 100% at 841 with stops at 829 and alarms at 840. If alarms go off and the order book is thin, I'll likely sell at 840 and reenter 831. Trying to find the bottom with my ZIL bag.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.