π ZIL has witnessed significant developments in the market.
π After experiencing a hard rejection upon hitting the Bearish OB area, ZIL has undergone a 30% drop, with the potential for further decline until reaching the demand area around 0.01815.
π A bounce from this demand area could signify a reversal, and if confirmed, ZIL may resume its upward movement, attempting to break out of the Bearish OB area and proceed towards the strong resistance area.
π However, if ZIL fails to bounce when reaching the demand area or even breaks down below it, this would be a concerning sign. The price could then continue its downward movement towards the key support area or potentially go even lower.
π After experiencing a hard rejection upon hitting the Bearish OB area, ZIL has undergone a 30% drop, with the potential for further decline until reaching the demand area around 0.01815.
π A bounce from this demand area could signify a reversal, and if confirmed, ZIL may resume its upward movement, attempting to break out of the Bearish OB area and proceed towards the strong resistance area.
π However, if ZIL fails to bounce when reaching the demand area or even breaks down below it, this would be a concerning sign. The price could then continue its downward movement towards the key support area or potentially go even lower.
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