$ZEN
ZEN/USDT Technical Analysis: Current Price at 16.62
The price of ZEN is currently at 16.62 USDT, showing some interesting action with clear levels to watch for potential moves:
🔑 Support at 16.00 USDT: This level has been holding strong recently. A drop below 16.00 USDT could signal further downside, potentially testing 15.50 USDT.
🔑 Resistance at 17.00 USDT: For bulls to gain momentum, a breakout above this level is key. If ZEN clears 17.00 USDT, it could target the next resistance at 17.50 USDT, opening up a potential uptrend.
💡 Entry Strategy: Watch for a break above 17.00 USDT to enter long positions, targeting 17.50 USDT. Conversely, a dip below 16.00 USDT could offer a shorting opportunity, with 15.50 USDT as a target.
⚖️ Risk Management: Place stop-loss orders below 16.00 USDT to safeguard against unexpected price movements.
Keep an eye on these levels to stay ahead of the market!
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