$ZEN /USDT / Horizen
ZEN just printed an impulsive expansion from the 7.8 base, but price stalling below the 9.55 high favors a sell-the-rally / pullback expectation rather than immediate continuation.
Trading Plan — SHORT (Fade Strength)
Entry: 9.40 – 9.55
Stop Loss: 9.85, above the expansion high where momentum continuation would be confirmed.
Targets: 9.00 → 8.60 → 8.20
Technical
The vertical push shows strong short-covering characteristics, but follow-through has slowed with overlapping candles near the highs. Price is trading well above the prior value area, suggesting short-term exhaustion rather than fresh accumulation. Momentum is decelerating, and upside attempts lack continuation acceptance.
This thesis remains valid while price fails to hold above 9.85 on a 4H close. A clean acceptance above that level would invalidate the fade and signal trend continuation.
Bias stays tactical and risk-first; strength is faded until price proves sustained acceptance.
Trade ZEN on Binance👇
#ZEN #PriceAction #RiskManagement
