wpcapital

ZIL potential short due to rejection at weekly level

Short
BINANCE:ZILUSD   Zilliqa
ZIL is currently showing some weakness. If we have a look on a key resistance level on a weekly chart, we notice a clear rejection.
4 hours charts is trading in a range and we have potentially a deviation above and now back to range.
A trade idea to short it with a tiny invalidation above last high targeting middle and lower of the range.

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.