ZILUSDT is currently trading inside an ascending channel. However, the price recently got rejected from the daily resistance level at $0.035, which suggests that the market may be experiencing a bearish trend.
If the market continues to decline, there is a possibility that it could retest the Fibonacci area and experience a new bearish impulse. It is important for traders to monitor the market closely and consider applying Plancton's rules to manage their risk effectively.
Additionally, there is a demand zone at $0.028, which could serve as a potential support level for the price. Traders may want to keep an eye on this level and consider taking long positions if the price bounces back from this zone.
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