$ZEN
/USDT Technical Analysis & Trade Signal
Current Price: $27.02 (+66.17%)
Momentum: Strong Bullish
Key Technical Indicators:
RSI: Overbought (~70+), indicating strong bullish momentum but watch for possible pullback.
MACD: Bullish crossover, signaling continued upward potential.
Support Level: $25.00 (key retracement zone if price dips).
Resistance Levels: $30.00 (short-term), $35.00 (major breakout point).
Trade Signal:
Action: Buy on pullback or breakout above $30.00.
Momentum: Bullish, driven by high 24h volume and strong gainer status.
Target 🎯 Levels:
Target 1: $30.00 (short-term resistance)
Target 2: $35.00 (mid-term breakout potential)
Target 3: $40.00 (long-term bullish continuation if momentum sustains)
Stop-Loss: Place below $24.00 to manage risk if bullish momentum weakens.
Strategy: Utilize a trailing stop-loss to lock in profits as the price rises. Monitor volume for confirmation of breakout or reversal signals.