zen technical analysis
Support and resistance
Nearby support is at 32.00 (24-hour low).
Resistance is at 33.37 (near moving average A).
Relative Strength Index (RSI):
RSI appears to be at low levels, indicating a possible oversold. There may be a chance of a bounce, but it needs confirmation.
There is a noticeable increase in trading volume during the last green candle, which may reflect the entry of some buyers.
If the price stabilizes above 32.88 and the trading volume continues to rise, there may be a bounce towards
Bullish
First target
33.5
Second target
35
If the price breaks 32.00 with selling momentum, the decline may continue.
Use a stop loss to reduce risk,
DYOR
