ZILUSDT Daily S/R| Swing Low| Price Action| Trend

2022年5月16日

Evening Traders,

Today’s analysis – ZILUSDT- trading in a strong corrective piece of price action, creating a range here at current levels can signal a potential bottom,

Points to consider,
- Price Action Corrective
- Daily S/R Support
- PSFP areas
- Daily S/R Resistance Objective

ZILUSDT’s immediate price action is corrective and is trading towards a daily level that has key previous swing lows, swing failing these lows will be a bullish sign.

The price action can range between the Bearish OB and the Daily S/R Support until the next significant expansion.

The immediate objective is the Daily S/R Resistance, this level current remains untapped.

Overall, in my opinion, ZILUSDT is a valid long with defined risk, price action is to be used upon discretion/management.

Hope this analysis helps

Thank you for following my work

And remember,

“Where you want to be is always in control, never wishing, always trading, and always first and foremost protecting your butt.” – Paul Tudor Jones