ZILUSDT is exhibiting a bullish divergence on the 1-hour (1H) time frame, accompanied by a breakthrough above the last lower high. This pattern suggests a potential reversal and the initiation of a bullish trend.
Here's a concise technical analysis with a suggested trading strategy:
Entry: Consider entering a long position at the current market price (CMP) of 0.02180.
Stop Loss (SL): Implement a stop loss order at 0.02015 to effectively manage risk.
Take Profit (TP): Set take-profit levels to achieve a 1:1 and 1:2 risk-reward ratio:
TP1 = 0.02345
TP2 = 0.02510
This trading strategy aims to capitalize on the anticipated bullish trend. It's important to monitor the market closely for any changes in price action and be prepared to adjust the strategy accordingly.
Here's a concise technical analysis with a suggested trading strategy:
Entry: Consider entering a long position at the current market price (CMP) of 0.02180.
Stop Loss (SL): Implement a stop loss order at 0.02015 to effectively manage risk.
Take Profit (TP): Set take-profit levels to achieve a 1:1 and 1:2 risk-reward ratio:
TP1 = 0.02345
TP2 = 0.02510
This trading strategy aims to capitalize on the anticipated bullish trend. It's important to monitor the market closely for any changes in price action and be prepared to adjust the strategy accordingly.
Trade closed: stop reached