🚨 $ZEN /USDT ALERT: Potential Breakout Ahead! 🚨
$ZEN is currently trading at $17.10, up 2.33% over the past 24 hours. After a recent high of $18.11, the price is consolidating, showing signs of strength near critical resistance levels. This setup hints at a possible continuation or retracement. Here’s the breakdown:
Key Levels to Monitor:
Resistance: $17.59
A breakout above this level could pave the way for a bullish surge toward higher targets.
Support: $15.70
A strong support zone to watch for potential pullbacks. A breakdown here could lead to further downside.
🚀 Targets for the Next Move:
1. $18.50 – Initial breakout target if ZEN surpasses resistance.
2. $19.50 – Mid-term bullish target on sustained momentum.
3. $20.00 – Psychological level; extended target for strong buyers.
⚠️ Risk Management:
Stop-loss: $15.90
To safeguard against downside risks in case of reversal below the support zone.
Summary:
ZEN is consolidating near its resistance, hinting at a potential bullish breakout. However, caution is warranted if it fails to break above the resistance zone, as a pullback toward support could follow.
Monitor these levels closely for optimal entry and exit points. Tight risk management is crucial in this volatile setup.