$ZEN /USDT BEARISH RETEST AFTER SHARP SPIKE — WATCH FOR BREAKDOWN
$ZEN spiked aggressively to $12.11 but failed to sustain the rally and is now trading back near $10.19. The rejection wick at the top indicates heavy profit-taking, and the current lower highs on the 15-minute chart suggest that bullish momentum is weakening fast.
Trade Setup:
Entry Zone: $10.30 – $10.50 (Short)
Take-Profit Targets: $9.80 / $9.20 / $8.60
Stop Loss: $10.90
Market Outlook:
If price remains under $10.60, bearish momentum could extend further. This looks like a classic pump-reject-retrace setup. Bulls need to reclaim $11.00 fast — otherwise, may spiral into deeper correction territory.
Risk Management:
Only trade confirmed rejections with tight SL. Ideal setup for short scalps or fade traders — avoid late entries on weak bounce.
Follow community — be early, be profitable! Tap in before the market leaves you behind because every trend rewards the bold. Don’t let this bearish wave pass you by — enter smart, exi #Bitcoin2025 t sharp!
#CEXvsDEX101 #TradingTypes101 #MarketPullback #PCEMarketWatch
