$ZEN /USDT – Bulls Seizing Momentum After Breakout
ZEN has broken above recent resistance, climbing up to $9.16 before pulling back slightly. Bulls are clearly taking the reins, and the momentum appears strong enough for another climb—provided key support holds.
📈 Long Trade Setup:
Entry Zone: $8.98 – $9.09
Stop Loss: Below $8.64
Target 1: $9.44
Target 2: $9.74
⚠️ Risk Reminder:
Wait for a minor dip or retest before entering. This approach helps improve your risk-reward ratio. Always use a stop loss and limit exposure to just a small portion of your capital.
🔍 Next Moves:
If ZEN can hold above $9.00, it’s positioned for another upward leg. A breakout above $9.20 would confirm renewed strength and could accelerate the rally.
📊 Technical Context (for added clarity)
Recent analysis shows ZEN broke out of an ascending triangle on the 4‑hour chart, supported by rising volume and a successful retest of the $8.00 resistance zone—now acting as support . That breakout structure sets the stage for further gains, with the $8.00–$8.20 area being a solid buy zone if another dip occurs.
Summary:
ZEN’s bullish push after clearing resistance supports a trade plan between $8.98–$9.09, with stops below $8.64, and profit targets at $9.44 and $9.74. Confirmation through retests and a move above $9.20 will strengthen the bullish outlook.