$ZIL / Zilliqa Perpetual shows signs of distribution after a momentum spike, failing to reclaim its previous high and staying below EMA resistance. The setup favors selling the rallies rather than expecting an uptrend continuation.
Bias: Short
Entry Zone: 0.00575 – 0.00595
Stop-Loss: 0.00630
Targets:
TP1: 0.00540
TP2: 0.00510
TP3: 0.00460
Price must stay under 0.00630 for this short bias to remain valid; a break above would neutralize the setup.
