Last night, ZEN market sentiment gradually warmed up, with prices slightly rebounding, and it seems that in the short term, bullish strength is intent on further testing key resistance. However, the overall trend is still under mid-term pressure, with both opportunities and risks existing in the short term.

1. Technical Analysis: Details observe the trend, data defines the direction.

1. BOLL Channel: Rebound pattern initially appearing.

  • Current price is running above the mid-line, indicating short-term bullish dominance.

  • Upper band (UB) resistance: Around 34.8, the first 'ceiling' of the bullish assault.

  • Mid-line support: Around 31.5, a 'safety cushion' for short-term rebounds.

  • Lower band (LB) support: Around 28.8, the last line of defense for extreme pullbacks.

If the price continues to run above the mid-line, it indicates that the rebound trend is likely to continue; but if it falls below the mid-line, the bullish strength may weaken again.

2. MA Moving Averages: Short-term strength vs Mid-term pressure.

  • Short-term moving averages (MA5 & MA10):
    Slightly rising, prices are oscillating closely to the moving averages, showing that short-term rebound momentum is still sufficient.

  • Mid-term Moving Average (MA30):
    Still in a downward state, around 34.5, becoming an important resistance on the path of rebound.

3. Trading Volume: Warming up but still needs to break through.

Yesterday's trading volume increased, bullish participation rose, but no 'explosive volume' signal appeared yet. Short-term attention is needed on whether the volume can continue to expand, in conjunction with price breaking through key resistance.

4. MACD & KDJ Indicators

  • MACD: Running above the zero line with a golden cross, red bars gradually increasing, short-term rebound signals are evident.

  • KDJ: Three lines diverging upwards, but the J value is approaching the overbought area, need to be alert to price fluctuations or pullback risks at high positions.

2. Key Levels and Market Sentiment: The tug-of-war between bulls and bears is about to break out.

Support level (Zhiying level):

  1. First support: 31.5 (mid-line support, short-term key defense level)

  2. Second support: 30 (strong support, breaking will re-test the lower band of 28.8)

Resistance level:

  1. First resistance: 34.8 (upper band pressure, short-term breakthrough target)

  2. Second resistance: 35.5 (previous high pressure, mid-term rebound ceiling)

Stop-loss level:

  • 29.8 (breaking this level invalidates the short-term rebound logic)

3. Trading Suggestions: Stable layout, flexible long and short.

Short-term strategy: Focus on buying low, flexible profit-taking.

  1. Entry point:

    • If the price pulls back to the range of 31.5 ~ 32.0, you can try to gradually lay out long positions.

    • If the price breaks through 34.8 with accompanying volume, you can lightly chase long, aiming for 35.5.

  2. Profit-taking target:

    • First target: 34.8 (first touch can partially take profit)

    • Second target: 35.5 (if broken, consider gradually clearing positions)

  3. Risk control:

    • Stop-loss position: 29.8 (to prevent unexpected downward risk)

The ZEN market today has rebound potential, but the key resistance levels of 34.8 and 35.5 above are 'roadblocks', and the difficulty of breaking through should not be underestimated. It is recommended to focus on buying low, taking profits in batches, and not chasing high. If the price breaks through with volume, the short-term upward space will be further opened.

Don't be blinded by short-term fluctuations, Brother Tang teaches you to lock in targets, take one step at a time, and witness wealth explosion with a smile! Follow Brother Tang, take you from confusion to freedom!
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