$ZEN 🦅
#ZEN/USDT💥 Analysis
ZEN/USDT is showing strong bullish momentum, but resistance at $46.28 could trigger short-term profit-taking. Traders should watch for sustained volume and momentum to decide on entry points. Tight risk management is crucial given the volatility around the resistance zone.
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Market Overview:
Current Price: $44.48 (+19.44%)
24h High: $46.28
24h Low: $35.60
24h Volume (ZEN): 3.69M
24h Volume (USDT): 146.80M
Support Levels💥
$43.26
$39.76
$35.60
Resistance Levels🔥
$46.28
$47.10
Above $47.10 near $50.00.
Enter near $43.00-$43.50
Confirm entry on a breakout above $46.30 for continuation.
Short Positions:
Enter near $46.00-$46.50 if price struggles to break $46.28 resistance.
Target a pullback toward $43.50-$44.00.
For Longs
Target 1: $46.28
Target 2: $47.10
Target 3: $50.00 (psychological level).
For Shorts
Target 1: $43.26
Target 2: $39.76
Stop-Loss Levels
For Longs: Place stop-loss below $41 to protect against downside risk.
For Shorts: Place stop-loss above $49.20 to guard against sudden breakouts.
Strategy Summary
1. Long Strategy: Favorable on pullbacks near $43.26 or breakouts above $46.28, targeting $47.10 and $50.00.
2. Short Strategy: Viable if price gets rejected near $46.28, targeting $43.50 and $39.76.