$ZEN /USDT short trade signal đ´đŚ
SHORT TRADE SIGNAL â BEARISH REJECTION FROM $12.34 SUPPLY ZONE! đť
$ZEN pumped over +15% to hit a daily high of $12.34, but the price is now retreating sharply. The long upper wick and the red daily candle forming below $12.00 signal a strong rejection at major resistance. This may mark the beginning of a correction phase.
Trade Setup (SHORT):
Entry Price: $11.60 â $11.80
Target 1: $10.55
Target 2: $9.60
Stop Loss: $12.45
Why Short?
The pair has reached an overextended rally, touching a psychological and structural resistance zone at $12.34. The upper shadow on the daily candle suggests distribution and seller dominance. Unless $12.34 is broken with volume, the path of least resistance is down.
Risk Management Tip:
Protect your capital â donât hold shorts if price closes above $12.50 with strength. Manage position sizing wisely.
Sell smart â donât chase green candles when the trend is turning red!
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$ZEN