$ZEN /USDT Trading Signal - Testing Key Support

Current Price: $23.14

24H Range: $22.97 - $29.68

Analysis:

ZEN has dropped significantly by 17.50% over the last 24 hours, reaching a 24H low of $22.97. The price is trading below EMA(7) at $23.45 and EMA(25) at $25.23, confirming a strong bearish trend. However, support near $22.50 could attract buyers for a potential rebound.

Potential Setup:

Entry Zone: $22.80 - $23.20

Targets:

Target 1: $24.00

Target 2: $25.00

Target 3: $26.50

Stop Loss: $22.20

Observation:

The current oversold levels near the support zone of $22.50 suggest a possible bounce. A move above EMA(7) at $23.45 could confirm bullish momentum, while a breakdown below $22.50 may result in further downside.

Actionable Advice:

Watch for stabilization above $22.80 before entering a position.

Secure profits incrementally at each target and adjust stop-loss levels to manage risk effectively.

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