š Technical Analysis: $ZEN /USDT
Current Price: $44.01 (+16.12%)
Timeframe: 30-min chart (Binance)
šÆ Key Targets:
1. Target 1 (Immediate Resistance): $46.50
A breakout above this level could spark further bullish momentum, making it an immediate profit-taking zone for intraday traders.
2. Target 2 (Mid-Term Resistance): $48.00
Sustained buying pressure above $46.50 could lead to testing this psychological resistance level. Ideal for booking partial profits.
3. Target 3 (Major Resistance): $50.00
A strong move to this round number will confirm a bullish breakout, attracting long-term buyers.
š» Support Zones:
Immediate Support: $42.00
Retesting this level could provide a solid base for the next leg up.
Critical Support: $40.00
Losing this level may lead to a bearish pullback.
š Strategy:
Entry Zone: Near $44.00 on dips or confirmation of momentum above $46.50.
Profit Zones: Secure partial profits at each target level to balance risk and reward.
Stop Loss: Below $40.00 to protect against unexpected downside moves.
š Insights:
Volume Surge: Strong buying pressure signals momentum continuation.
Trend: Clear uptrend supported by higher highs and higher lows.