【$ZIL Signal】No Position, Waiting for Downward Momentum to Exhaust

$ZIL Price is declining but open interest remains stable. Combined with increasing sell orders, this presents a typical pattern of bullish passive liquidation rather than active distribution by major players. The current price is fluctuating narrowly around 0.0045, but buying depth is weak. The support zone below (0.0044-0.0043) is under test.

🎯 Direction: No Position

Data Logic: The 4H chart shows consecutive declines, but open interest remains steady, indicating that the decline is mainly driven by long leverage liquidations rather than large-scale new short positions. The funding rate is significantly negative (-0.19%), intensifying long squeeze. The order book shows heavy sell walls (0.0045-0.0046), while buy support is sparse, making short-term rebounds weak. A clear buy absorption signal and shrinking trading volume in the key support zone (0.0043-0.0044) are needed to confirm that downward momentum is exhausted.

Trade 👇 $ZIL
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