$ZEN | Current Price: $30.20 (+18.34%)
đ ZEN/USDT Technical Analysis â Is $30 the Launchpad?
ZEN is trading around the critical $30.00 mark, a key psychological level. The current consolidation suggests a possible buildup for the next big move.
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Key Levels to Watch
đč Resistance Zones:
$31.50: Immediate obstacle. Breaking above this level could set the stage for a rally to $33.00.
$35.00: Significant resistance and a potential profit zone for bullish traders.
đč Support Levels:
$29.00: The first support level, crucial for maintaining the uptrend.
$27.50: A strong demand zone. A breakdown here might lead to deeper declines.
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Trading Strategy
Bullish Setup:
Entry: Go long above $31.50.
Targets: Aim for $33.00-$35.00.
Stop-Loss: Set at $29.00 to manage risk.
Bearish Setup:
Entry: Short if price rejects $31.50.
Target: Look for a decline toward $29.00.
Stop-Loss: Place at $32.00.
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With ZEN consolidating at $30, it could be gearing up for a major breakout. Are you ready to capitalize on the next move? đ
