$ZEN
/USDT Technical Analysis & Trade Strategy🎯🔥
Current Price: 15.06 (-5.40%)
24h High: 16.05
24h Low: 14.75
24h Volume (ZEN): 534,102.47
24h Volume (USDT): 8.16M
Key Indicators:
Trend: Bearish with a 5.40% drop, indicating a pullback in price action.
Support: 14.75 (24h low) — strong support level for potential price stabilization.
Resistance: 16.05 (24h high) — a key resistance point to monitor for price recovery.
Volume: Moderate trading volume, indicating healthy market activity but not extreme volatility.
Depth: Negative depth indicates selling pressure, suggesting the current trend could continue unless a reversal occurs.
Trade Strategy:
Entry Point:
Consider entering a long position near 14.75 (24h low), especially if the price shows signs of reversal or consolidation at this level.
Alternatively, enter at 15.00 if the price shows strength and starts to break above the recent downtrend.
Target Levels 🎯:
1. Target 1: 15.30 – First resistance level (around 2% gain potential).
2. Target 2: 15.70 – Intermediate resistance level (4% gain potential).
3. Target 3: 16.05 – Previous 24h high (6.5% gain potential).
Stop Loss:
Stop Loss: Set at 14.50 to limit risk (around 3.5% below current price).
Summary:
Buy near 14.75 or 15.00 if a reversal or upward momentum is confirmed.
Target Levels: 15.30, 15.70, and 16.05.
Stop Loss: 14.50.
This strategy targets a potential rebound near support with clearly defined target levels at resistance zones. Stop loss is placed to minimize risk in case the downtrend continues.
