🚨 $ZIL Short Trade Setup

Market Outlook:

$ZIL is showing bearish momentum after failing to break the 0.0061 resistance zone. Sellers are in control, and the price is showing signs of a potential downward move, making 0.00595 a key short entry point. 📉

Technical Indicators:

RSI: 60 → nearing overbought on lower timeframes ⚠️

MACD: Bearish crossover forming on the 1H chart 🔻

Moving Averages: Price below 50 EMA, confirming short-term weakness 🟢

Short Entry:

Entry Price: 0.00595 💵

Stop Loss (SL): 0.00605 – above recent swing high 🛑

Take Profit (TP) Levels:

TP1: 0.00585 – first support zone 🏁

TP2: 0.00570 – next key support 💎

TP3: 0.00555 – extended target if bearish momentum continues 🔥

Risk Management:🪙

Position sizing: 1–2% of trading capital ⚖️

Monitor news and market volume; sudden bullish moves can invalidate the setup ⚡

ZILUSDT

Perp

0.00598

+2.22%