$ZEN /USDT Technical Analysis: Target Levels & Key Insights
📈 Current Price: $45.52 (+22.33%)
⏰ Timeframe: 30 Min
Technical Overview:
$ZEN has seen a remarkable surge, breaking through key resistance levels and trading near its 24-hour high of $46.28. Strong buyer momentum is pushing the price higher, with key targets and support zones to monitor.
📌 Key Targets:
1. Target 1: $46.50
Immediate resistance level; a breakout here could confirm further bullish momentum.
Suggested action: Secure partial profits as price approaches this zone.
2. Target 2: $48.00
Secondary resistance, aligning with psychological levels and potential profit-booking zones.
Suggested action: Tighten stop-loss to lock in gains if price nears this zone.
3. Target 3: $50.00
A major psychological resistance level; a breakout here confirms long-term bullish potential.
Suggested action: Consider holding for further upside while maintaining a trailing stop-loss.
🔑 Support Levels to Watch:
$44.00: Immediate support level; a breakdown may lead to short-term correction.
$42.00: A stronger support zone that may attract buyers during a pullback.
Advice:
Short-Term Traders: Focus on Target 1 and 2, securing profits at resistance levels and maintaining strict stop-losses.
Long-Term Holders: Monitor price action near Target 3 for a breakout confirmation and manage risks with trailing stops.
ZEN is showing high volatility, so stay updated with market conditions to adapt your strategy accordingly. 📊