ZILUSDT.P Shark Pattern + Imbalance (Long) 5/25/2023
Updated
Here is a potential long trade, this token was dropped to a new low due to BTC having a bearish rally with flags. BTC is currently holding on to its 26000 support and may be consolidating for a few days giving way for altcoins to move their own structure. A shark pattern has formed in this chart and is currently on the C leg, there is also a huge imbalance above that was created by the recent bearish flags. The imbalance will be our maximum take profit target as the trend may start ranging in these levels due to BTC consolidating.
Trade closed: target reached
Succesful trade, potential short position on the bearish order block soon.
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