$ZEN Trading Strategy Update

🔎 Key Insight:

A long liquidation of $14.709K occurred at $29.401, suggesting a strong sell-off and loss of bullish momentum. This could be an opportunity to catch a reversal if the price finds solid support.

📈 Next Move - Buy Zone, Target & Stop Loss

1️⃣ Buy Zone:

Enter within $29.00 - $29.50. This range is near potential support, offering a low-risk entry for a bounce.

2️⃣ Target Levels:

Target 1: $30.50 (initial resistance)

Target 2: $31.50 (mid-level target)

Target 3 (Stretch Goal): $32.50

3️⃣ Stop Loss:

Set a stop loss at $28.50 to limit risk in case the price fails to hold support.

💡 Strategy Insights:

Volume Check: Look for increased buying volume near $29.50 to confirm the potential for a reversal.

Risk Management: Avoid over-leveraging and use proper position sizing to ensure a balanced risk-to-reward ratio.

Market Context: Monitor overall market sentiment and any news that might impact $ZEN .

🚨 Pro Tips for Success:

Patience Is Key: Wait for confirmation of support near $29.50 before entering the trade.

Secure Partial Profits: Take profits at $30.50 and $31.50 while holding a portion for the stretch goal of $32.50.

Set Alerts: Use price alerts for $29.50 and $30.50 to track movements without constant monitoring.

Successful trading requires discipline and clear strategies. Stick to your plan, manage risk, and let the market work for you!

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