📘 Trading When Price is Below All Moving Averages
ZIL is trading below MA5, MA10, MA20, MA30, and MA60.
What this means:
Strong downtrend: All MAs are resistance.
Wait for retest: Price often retests the nearest MA (MA60) before falling further.
Avoid longing: No long entries until price reclaims MA60.
Volume confirms weakness: Low volume = no buyer interest.
Patience > trying to catch a falling knife.
ZIL
0.00543
-18.22%