#ZEN REBOUND FROM THE NEW SUPPORT IT HAS ESTABLISHED!
Notice how the weekly low of ZEN is at the zones of 6.59, 7.16 & 7.83 which are close to the yearly lows. These yearly lows provide a better foothold as these are also the areas where the price would stay on top of the previous broken major resistance last 2020. Knowing this, we can wait for the accumulation to continue happening with the interest of the buyers to maintain the key level before creating impulsive waves after impulsive waves. Ongoing progress for buying pressure strengthening will likely happen and it would be unwise to do any panic selling at these key levels. Therefore, those who want to do scalps, day trades and swing trades would most likely prefer doing longs rather than shorts that are extremely risky.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
