ZIL bulls on the run -loosing gas or just some fun?
It’s been a euphoric Q2 for ZIL bulls as the price pumped almost 450% from its eight-month-long accumulation.
Buying into prolonged pumps is a risky strategy, but the current retracement might offer an entry to target the highs at 0.00000331, just above the monthly level at 0.00000324.
Equal lows at 0.00000229 and 0.00000214 make a tempting target for bears or entry points for bulls, with the swing high just below at 0.00000197 providing potential support if the current monthly level fails to hold.
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Risk Reminder
1. Trading in digital assets comes with high risks due to huge price fluctuations. Users should be fully aware of the risks associated with digital asset trading and make prudent trading decisions.
2. Huobi Global’s announcements and information do not constitute investment advice, and Huobi will not bear responsibility or provide compensation for direct or indirect losses arising from trading decisions whilst relying on this information.
Buying into prolonged pumps is a risky strategy, but the current retracement might offer an entry to target the highs at 0.00000331, just above the monthly level at 0.00000324.
Equal lows at 0.00000229 and 0.00000214 make a tempting target for bears or entry points for bulls, with the swing high just below at 0.00000197 providing potential support if the current monthly level fails to hold.
--------------------------------------
Risk Reminder
1. Trading in digital assets comes with high risks due to huge price fluctuations. Users should be fully aware of the risks associated with digital asset trading and make prudent trading decisions.
2. Huobi Global’s announcements and information do not constitute investment advice, and Huobi will not bear responsibility or provide compensation for direct or indirect losses arising from trading decisions whilst relying on this information.
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