📊 $ZEN /USDT TECHNICAL ANALYSIS 🦉📈
CURRENT MARKET CONDITION:
The current price of $ZEN/USDT is $37.61, showing a significant increase of +30.36%. The 24-hour high is $38.60, and the 24-hour low is $27.80. The trading volume in the last 24 hours is 4.12M ZEN and 134.65M USDT. The price is currently in an uptrend, as indicated by the series of higher highs and higher lows on the 30-minute chart.
SUPPORT AND RESISTANCE LEVELS:
- Support Levels: $36.00, $34.00
- Resistance Levels: $38.00, $40.00
### TRADE SETUP 🛠️
Long Entry:
- Entry Point: $37.50
- Target Price (TP): $40.00
- Stop Loss (SL): $36.00
Short Entry:
- Entry Point: $37.00
- Target Price (TP): $34.00
- Stop Loss (SL): $38.00
### RISK MANAGEMENT AND INDICATORS 💡
- Risk Management: Use a 2% risk per trade to manage potential losses.
- Volume Indicator: The 24-hour volume is high, indicating strong market interest.
- RSI Indicator: Check the RSI to ensure it is not in the overbought or oversold territory before entering a trade.
Happy trading! 📊🚀