📊 $ZEN /USDT - Key Levels in Focus! 📊
Current Price: $28.38 (-2.44%)
24H High: $29.58
24H Low: $27.91
24H Volume: 1.07M ZEN
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🚀 Market Overview
$ZEN is experiencing a pullback after testing resistance near $30.98. The price is consolidating, with buyers looking to defend support at $28.00. Short-term volatility suggests opportunities for both long and short positions.
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🔑 Key Levels to Monitor
Resistance Zones:
$29.50–$30.00: Immediate resistance to watch for a bullish breakout.
$31.00: Key level for a trend continuation.
Support Zones:
$28.00–$28.20: Crucial support to maintain bullish momentum.
$27.50–$27.80: Strong support for dip buyers.
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🎯 Trade Setup Ideas
Long Strategy (if support holds):
Entry Zone: $28.00–$28.40
Stop Loss: $27.60
Take Profit Levels:
TP1: $29.20
TP2: $30.50
TP3: $31.50
Short Strategy (if resistance holds):
Entry Zone: Below $29.50
Stop Loss: $30.20
Take Profit Levels:
TP1: $28.50
TP2: $27.80
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📈 Technical Indicators
MACD: Bearish crossover, indicating potential further downside.
Volume: Declining slightly, signaling reduced buying pressure.
Trend: Short-term bearish with a potential rebound at support.
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⚠️ Pro Tip: Wait for confirmation at support or resistance levels before entering trades. Manage risk carefully in a volatile environment.
💬 What’s your strategy for $ZEN? Share your insights below!
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