$ZEN
/USDT Technical Analysis & Trade Signal๐ฅ๐ฏ๐ฏ
Current Price: $29.38
Momentum: Bullish, with strong recovery from $26.55 low and increasing volume.
Trade Signal: BUY
Entry Zone: $29.00โ$29.50 (on pullback or confirmation above $29.50).
Stop-Loss: $28.00 (below key support).
Target ๐ฏ Levels:
1. Target 1: $30.50 (short-term resistance).
2. Target 2: $32.00 (next psychological and technical level).
3. Target 3: $34.00 (strong resistance, 15% potential upside).
Key Indicators:
RSI: Trending near 60โ65, indicating bullish momentum but not overbought yet.
MACD: Bullish crossover, signaling upward momentum.
Volume: Increasing, validating the breakout.
Trade Momentum
The price has bounced from a strong support at $26.55 with higher lows, suggesting a continuation of the uptrend if volume sustains. However, monitor resistance near $30.50 for potential short-term consolidation.
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