Hello, Traders!
ZIL accumulates strength to continue the rally. The asset has been accumulating for 75 days and now leaves the consolidation zone of $0.01495-0.02105.
The MA100 on the daily timeframe is strong support, while RSI moves with price in an uptrend
We can consider a potential deal with great Risk/Reward 4.1
I look into opening a position on the retest of level $0.01495 or MA100 level at $0.01922.
By Fibonacci levels, you can set:
SL under $0.01675
TP (1) $0.02443 and (2) $0.02945
Watch out for the market and please leave your comments below on the setup!
P.S. This is not financial advice, but just a trade I would be following myself
ZIL accumulates strength to continue the rally. The asset has been accumulating for 75 days and now leaves the consolidation zone of $0.01495-0.02105.
The MA100 on the daily timeframe is strong support, while RSI moves with price in an uptrend
We can consider a potential deal with great Risk/Reward 4.1
I look into opening a position on the retest of level $0.01495 or MA100 level at $0.01922.
By Fibonacci levels, you can set:
SL under $0.01675
TP (1) $0.02443 and (2) $0.02945
Watch out for the market and please leave your comments below on the setup!
P.S. This is not financial advice, but just a trade I would be following myself
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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.
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.