Technical analysis by weslad about Symbol ZIL: Buy recommendation (9/5/2024)

ZILUSDT is currently in a downtrend, approaching a key support/demand zone, which has previously shown strong buying interest. This area is expected to be challenging for bears to break, making accumulation within this zone a strategic move, with a target toward the dynamic resistance trendline indicated on the chart. However, if the immediate buy-back zone fails, a deeper dip toward the external demand zone is possible. Patience is crucial to identify favorable price action before entering positions. We welcome your thoughts on ZIL.