Zilliqa / TetherUS
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ZIL/USDT Perfect bounce from the demand area. Continue Upward ??

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đź’Ž ZIL has undeniably captured significant attention in the market. It perfectly bounced from the demand area with a bullish candle rejection followed by a strong green candle. If BTC is supported with a consolidation movement over the weekend, ZIL is poised for significant upward movement, approaching the resistance level area and potentially breaking out. A successful breakout from the resistance level area, probability could lead to an easy movement for ZIL to reach our target area.

đź’Ž However, if ZIL encounters resistance and consolidates in that area, there's a possibility of a retracement, with ZIL retracing back to test the demand area to build new momentum.

đź’Ž The unfavorable scenario is confirmed if, during the retesting phase at the demand area, ZIL fails to maintain its position and undergoes a breakdown. In such a case, ZIL may shift to a bearish trend, potentially retracing to the demand area or even the strong demand area.
Trade chiuso: obiettivo raggiunto
Just as predicted, #ZIL's up a smooth 43.21%!

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