$ZEN /USDT has been on a strong #bullish run recently, with the price surging from the 24-hour low of 13.46 to the current price of 15.71, marking a gain of 16.8%. The Relative Strength Index (RSI) at 72.99 indicates overbought conditions, suggesting a potential pullback or consolidation phase before further upward movement.
Current Price: 15.71
Entry Price: Consider a conservative entry near the 15.60 level, which coincides with the recent high and provides a potential support level.
Resistance Levels:
* Strong resistance at 16.32, the recent high.
* Intermediate resistance around 15.93, the 24-hour high.
Support Levels:
* Strong support at 13.46, the 24-hour low.
* Intermediate support around 14.37, a recent low.
Take-Profit Targets:
* Target 1: 16.32 (Potential breakout above recent high)
* Target 2: 16.80 (10% profit from entry)
* Target 3: 17.50 (Aggressive target, considering potential continuation of the uptrend)
Stop-Loss:
* Place a stop-loss below the 13.46 support level to limit potential losses in case of a sudden reversal.
Caution:
* The current overbought conditions suggest a potential pullback or consolidation phase.
* Traders should watch for stability around the current price level or potential breakout signals above the 16.32 resistance.
* Exercise caution and consider using stop-loss orders to protect your investment.
