$ZEN /USDT Technical Analysis - Binance

📊 Current Price: $35.01 (-14.73%)

⏰ Timeframe: 30m

Analysis & Targets

$ZEN /USDT has seen significant selling pressure, breaking key support levels. Here are the critical levels for short-term trading:

1️⃣ Target 1: $36.00

Immediate resistance level. A move above this could indicate a potential recovery.

2️⃣ Target 2: $38.00

A key resistance zone where sellers may apply pressure. Breaking this could spark bullish momentum.

3️⃣ Target 3: $40.00

Major psychological resistance. A breakout here would signal a potential trend reversal.

Strategy

📈 Bullish Case: Monitor for a bounce above $35.50. Gradually take profits at each target level.

📉 Bearish Case: If ZEN drops below $34.80, further downside is expected, with support at $33.00.

⚠️ Risk Management:

Set stop-loss below $34.50 to manage risks.

Adjust position sizes based on the current volatility.

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