Trading Signal Alert for $ZEN /USDT
š Overview:
ZEN/USDT is currently displaying a strong #bullish momentum with a price increase of +12.56% over the last 24 hours. The price has hit a new high of $16.40, with an RSI(6) of 82.94, indicating overbought conditions. This surge suggests increased buying pressure, but traders should monitor for potential pullbacks.
Signal Details:
Current Price: $16.40
Entry Price: $16.00ā$16.40
Support Levels: $14.91, $14.23
Resistance Levels: $16.50, $16.80
Take-Profit Targets:
1. $16.80
2. $17.20
3. $17.50
Stop Loss:
Place stop loss below $14.90 to limit potential downside risks.
ā ļø Caution: The RSI suggests the market may be overbought. Watch for signs of price consolidation or a possible breakout above the $16.50 resistance.
