$ZEN Bearish Reversal Setup: Short Opportunity
$ZEN showed massive upside but has now entered a clear rejection zone after failing to sustain above the $20.50 resistance. The price has broken structure on the lower timeframe, indicating weakness and a potential pullback. As long as $ZEN stays below $19.20, bearish momentum is likely to continue.
Entry: $18.90 – $18.70
Target 1: $17.60
Target 2: $16.50
Target 3: $14.85
Stop-Loss: $20.68
Risk Management: Risk only 3–5% of capital. After Target 1 hits, shift SL to entry to secure a risk-free trade.#KITEBinanceLaunchpool