$ZEN
Bearish Momentum: ZEN has experienced a -13.77% drop in the last 24 hours, indicating strong bearish pressure in the market.Price Action: The price has been fluctuating between $33.00 (support) and $40.13 (resistance), but it’s currently trading at $33.25, showing signs of stabilization after the drop.Recent Trend: Despite the recent negative change, the price is showing minor upward momentum from the low of $33.00, which could signal a short-term reversal.Trade Setup:
Long Position (Buy Signal):
Entry: $33.00 - $33.25 (If price holds above support level)Take Profit 1: $34.00 (Resistance level close to current price)Take Profit 2: $36.42 (MA99 or long-term resistance)Stop Loss: $32.00 (If price falls below support)Risk-Reward Ratio: 2:1 (Target price of $34.00)
Entry: $33.74 (If price fails to break through key resistance)Take Profit 1: $33.00 (Support level)Take Profit 2: $32.00 (Strong support area)Stop Loss: $34.50 (Above resistance)Risk-Reward Ratio: 2:1
Volume: Volume is moderate, and the current price action suggests low volatility but stable market participation.Market Sentiment: Bearish, but with potential for a small recovery near the support levels.Amplitude: 0.76% (Low volatility, suggesting a gradual trend).
Bullish Scenario: If the price holds above $33.00, consider a long position with targets at $34.00 and $36.42.Bearish Scenario: If the price struggles to break $34.00, consider a short position with targets at $33.00 and $32.00.