$ZIL perpetual shows a sell the rally structure after failing to reclaim the prior impulse high. Price is compressing beneath EMA resistance, suggesting distribution following a momentum blow off rather than trend continuation. Bias remains short while below 0.00630. Ideal entries sit between 0.00575 and 0.00595 with a hard stop at 0.00630. Downside targets are 0.00540, 0.00510, and 0.00460, aligning with prior demand zones. Expect rotational downside as long as acceptance stays below resistance. A clean acceptance above 0.00630 invalidates the setup and shifts bias to neutral, awaiting confirmation. Risk management and position sizing remain essential during volatility conditions persist.

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