$ZEN /USDT Trading Update - Pullback After Local High 📉
Current Price: $28.87 (+3.07%)
24H High: $29.68 | 24H Low: $27.81
ZEN/USDT surged to a high of $29.68 but is now experiencing a pullback as profit-taking sets in. Despite the dip, the price remains above critical support levels, signaling potential for a recovery.
Key Levels to Watch:
Immediate Resistance: $29.68
Support Zones: $28.43, $27.85
Trading Insights:
A bounce from $28.43 could signal bullish continuation, targeting $29.50-$29.68 again.
Failure to hold above $28.43 might lead to further downside, testing $27.85.
Consider taking partial profits near resistance and setting stop-losses below $28.43 to manage risk.
The retracement provides an opportunity to assess strength for the next move.
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