🚀 $ZEN on the Rise – Major Resistance in Sight! 🚀
$ZEN is trading at $29.47, delivering an impressive intraday gain of +9.28%. The hourly chart showcases a strong uptrend, with the price approaching the crucial $30.00 psychological resistance.
Key Levels:
Resistance: $30.00 (Immediate), $32.00 (Next Target)
Support: $28.50 (Critical Zone)
Suggested Trade Plan:
Entry: Around $29.70
Target 1: $30.50
Target 2: $32.00
Stop-Loss: $28.00
Analysis:
ZEN’s breakout above $29.00 has sparked increased buying activity, supported by higher trading volumes. A decisive move above $30.00 could set the stage for a rally toward $32.00. If the price consolidates around $30.00, it may offer new entry opportunities for traders.
Recommendation:
Consider entering near $29.70, aiming for partial gains at $30.50 and holding for $32.00 with a trailing stop-loss to protect profits. Monitor the $28.50 support zone closely, as a breach could indicate a potential reversal.