$ZEN /USDT: Harnessing the Momentum of a High Performer
$ZEN /USDT is currently trading at $26.89, reflecting an impressive 56.70% surge in the last 24 hours. This breakout presents an excellent opportunity for traders to ride the bullish wave. For an optimal entry, place buy orders between $26.50 and $27.00, capitalizing on the consolidation near the support of $26.30. Target levels are strategically set at TP1: $28.00, TP2: $29.00, and TP3: $30.00, just below the day’s high of $30.09, ensuring incremental profit-taking. To mitigate risk, a stop-loss at $25.90 is recommended.
As the price moves towards the targets, monitor volume and RSI for signs of exhaustion or continuation. Adjust the stop-loss to breakeven after hitting TP1 to secure a risk-free trade. This setup provides a balanced approach to capture the ongoing momentum in ZEN/USDT while safeguarding capital.