📉 $ZEN Short Trade Signal 🚨
Technical Overview:
$ZEN saw a strong surge, gaining over 30% in the past 24 hours, but is now facing selling pressure near $39, showing signs of weakness. The price has started to pull back, creating a potential short opportunity if the downward momentum continues.
Key Levels to Watch:
Immediate Resistance: $39.00
Support Levels: $36.00 and $34.00
Trade Setup:
Short Entry: Below $37.00
Target Levels:
TP1: $36.00
TP2: $34.00
Stop-Loss: Above $38.00
Risk Management:
Due to high volatility, keep a tight stop-loss. A break above $39 would invalidate the short signal.
Market Sentiment:
Monitor volume and momentum. If selling pressure increases, $ZEN could revisit lower support levels, making it suitable for short-term traders.