This correction is healthy because the market had been bleeding slowly and needed a proper reset before any real move could happen. The selloff into the lows cleared weak hands, created liquidity, and set the stage for a cleaner reversal instead of a forced bounce.
I’m watching $ZIL /USDT closely after the sharp reaction from the 0.00518 low. Price didn’t just bounce and fade — it stepped back in with intent. That tells me buyers were waiting there. They’re building strength now, not chasing higher prices.
Trade Setup
Entry Zone: 0.00545 – 0.00560
Target 1: 0.00610
Target 2: 0.00660 – 0.00680
Stop Loss: 0.00510
This zone is strong because it lines up with multiple technical factors. First, the 0.00540–0.00550 area was a clear support zone earlier in the session and acted as a reaction area before price accelerated upward. Second, the pullback sits near a healthy retracement of the impulse from 0.00518 to 0.00590, which is where buyers often reload. Third, the aggressive bounce from the lows with strong bullish candles shows clear demand absorption.
If this level holds, the structure flips short-term bullish. I’m watching how price behaves on any retest into this zone — acceptance above it keeps buyers in control. As long as we don’t lose 0.00518, I see this as continuation rather than a dead-cat bounce.
I’m not rushing entries here. I’m interested because this looks like a market that flushed, stabilized, and is now positioning for a higher push if buyers continue to defend the zone.
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