📌 Zilliqa (ZIL) – Recovering from a correction, short-term opportunity?

$ZIL

#ZIL #Zilliqa #Blockchain

Current price: $0.01355 USD

24h: +4.23%

24h Volume: $22.4M

Market capitalization: $250.8M

Lowest of the day: $0.0127

Highest of the day: $0.0135

(Binance)   

🔍 Summary of multi-timeframe technical trends

• H1: Clear short-term uptrend, support at $0.0127

• H4: Price increase with stable trading volume

• D1: In a recovery phase, needs to surpass the $0.014 area to confirm long-term uptrend 

🎯 Short-term trading strategy

Long Order:

• Entry: $0.0127

• TP: $0.0140

• SL: $0.0120

• Probability: 70%

(Note: Increased trading volume helps reinforce the uptrend) 

Short Order:

• Entry: $0.0140

• TP: $0.0130

• SL: $0.0145

• Probability: 40%

(Note: Should only be executed when there are clear reversal signals)

⚠️ Quick note

• Futures trading can yield high profits but carries significant risks. Capital management is essential.

✅ Conclusion

Zilliqa is showing positive signals with increased trading volume and a clear short-term uptrend. However, it is crucial to closely monitor the $0.014 area to confirm the long-term trend.

$ZIL