$ZEN
/USDT Technical Analysis & Trade Signal🚨💯
Current Price: $43.06 (up 10.98%)
Trend: Bullish – ZEN is currently in a strong uptrend, having recently reached a daily high of $44.00, which is a key resistance.
Support: $35.60 – This is the recent low and major support level.
Resistance: $44.00 – This marks the 24-hour high and a critical resistance level.
Momentum:
RSI: Indicates that the market might be approaching an overbought condition (look for a pullback or consolidation).
MACD: Shows a strong bullish crossover suggesting a continuation of the uptrend for the near term.
Trade Signal:
Entry: $42.50 – If the price holds above this level.
Targets:
Target 1: $44.50 (just above 24h high, possible break for a larger move)
Target 2: $47.00 (next resistance zone)
Target 3: $50.00 (psychological resistance and extended price target)
Stop Loss: $40.00 – Maintain a tight stop just below the nearest support level to manage risk.
Risk/Reward Ratio: Excellent with potential for higher gains depending on market momentum.
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