Long

ZILUSDT Daily S/R| Swing High| Declining Volume| Price Action

Evening Traders,

Today’s analysis – ZILUSDT- trading above Daily S/R where a respect is bullish,
Points to consider,
- Price Action Descending Channel
- Daily S/R Support
(Bullish OB)
- Swing High Objective
- Declining Volume
- Stochastics Buy Cross
- RSI Dynamic S/R

ZILUSDT’s immediate Price Action is bullish, trading in a Descending Channel above daily S/R that is in confluence with the Bullish Order Block, this allows us to have a bullish bias on the market.

The Swing High is immediate objective; Price Action exceeding this level increases the probability of trend continuation.

Current volume is declining which is indicative of an expansion occurring, this is highly probable as Price Action is trading at a key trade location.

The Stochastics has a buy cross coming to fruition that will coincide with a respect of the RSI Dynamic S/R, this will increase the bullish probability.

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,

“Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.” ― Yvan Byeajee,

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