⚠️ Horizen ($ZEN) Price Drops: Is This a Buy the Dip Opportunity? ⚠️

$ZEN has experienced a significant drop, currently priced at $35.25, down -15.61% in the last 24 hours. Despite the decline, there may be potential for a recovery.

Key Levels to Watch

🔑 Resistance: $40.00 – A strong recovery above this level could signal bullish momentum.
🔑 Support: $33.00 – A further drop to this support could present an attractive buying opportunity if the market stabilizes.

Trade Setup

Long Entry: If ZEN bounces off support at $33, consider a long entry with a target towards $40.Short Entry: If $ZEN fails to hold $33, watch for a potential drop to $30.

Risk Management

⚠️ Stop-loss: Set your stop-loss at $32 to protect against further downside.

Market Insight

The current pullback in $ZEN presents a potential buying opportunity, but it's crucial to watch for confirmation of price stability at support levels. If Bitcoin continues to drive the market, may recover along with the broader crypto market.

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