$ZEN Chat GPT and Future.

🙅Note: This post is intended as an example for guidance, analyzing situations. It does not recommend trading based on this post!🙅

Based on the image below, here is the technical analysis and trading strategy suggestion:

1. Technical Analysis:

Trend: The price is in a strong upward trend, as seen through the expanding Bollinger Bands and the price being close to the upper Bollinger Band.

Volume: High trading volume indicates strong upward momentum.

Support Indicators:

The short-term MA is crossing above the long-term MA, supporting the upward trend.

RSI is not shown in the image but may be close to the overbought area, requiring attention for potential adjustments.

2. Trading Suggestions:

Long (Buy) Scenario:

Entry Point: Around the current price (~37.80) if the price shows signs of breaking through the resistance near 39.78.

Take Profit Point: Around the price level 40.50 - 41.00 (just above the psychological resistance area).

Stop Loss Point: Below the price level 35.70 (this is the nearest support area according to the Bollinger Bands and MA).

Short (Sell) Scenario:

Entry Point: If the price drops sharply below 35.70, confirming a break of support.

Take Profit Point: Around the level 33.00 - 33.50 (near the old support area).

Stop Loss Point: Above the price level 37.80 (current resistance area).

3. Winning Ratio:

With the current trend, Long trades have a higher winning ratio, as the price has strong upward momentum and the technical indicators support the upward trend.

Please consider additional risk factors such as the overall market situation and careful capital management!