$ZEN 1. Price trend

1-hour frame (1H): The current price is at $28.23, down 13.75% in the last 24 hours. The main trend is still downward with lower highs and lower lows. The price has just hit a short-term bottom at $27.33 and is experiencing a slight recovery, but has not broken the moving average MA (5) or the middle band of the Bollinger Bands ($29.46), indicating strong selling pressure.

5-minute frame (5M): The price has bounced back strongly from the bottom of $27.33 but is facing resistance at the middle band of the Bollinger Bands ($28.13). The RSI in this frame is at 43.33, indicating weakening upward momentum.

2. Entry points

Buy point (Long): Wait for the price to adjust to around $27.50 - $27.60 (area near the previous bottom) with confirmation signals such as a bullish reversal candlestick pattern (pin bar or engulfing) and RSI not falling into the oversold region (<30).

Sell point (Short): If the price retraces to the range of $29.00 - $29.50 (near the middle band of the Bollinger Bands in the 1H frame) without breaking resistance, this could be an opportunity to open a sell order.

3. Take Profit levels

Buy order: Take short-term profit at $28.80 - $29.00 (near the middle band of the Bollinger Bands in the 1H frame).

Sell order: Take profit at $27.40 - $27.50 (previous bottom support area).

4. Stop Loss

Buy order: Stop loss below $27.20 (breaking the short-term bottom).

Sell order: Stop loss above $29.80 (breaking near resistance).

5. Overall strategy

Prioritize trading in a downward trend, waiting for confirmation signals at support/resistance areas. If trading volume decreases during a recovery or increases sharply when the price drops, that is a suitable signal to enter a trade.

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#ZENUSDT #TechnicalAnalysis #CryptoTrading #SupportResistance #BollingerBands #PriceTrend