$ZEN
ZEN/USDT
- Current Price 11.23 USDT
Moving Averages
Trading Strategy
1. Entry:
- Optimal Range: 10.50 - 11.00 USDT (buy on pullbacks).
- Confirmation: Wait for a bounce from MA(25) or a break of resistance at 11.50.
2. Stop Loss:
- 9.50 USDT (below key support levels).
3. Profit Targets TP:
- TP1: 12.50 USDT (+12%).
- TP2: 14.00 USDT (+30%).
- TP3: 15.50 USDT (+45%) if the uptrend continues.
4. Trade Management:
- Take 50% of profits at TP1, and monitor indicators (especially RSI above 70).
- Risk-to-reward ratio of at least 1:2.
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Risks and Notes
- Bearish Scenario: Breaking 9.50 USDT may indicate a trend reversal.
- Liquidity: High, reducing the risk of manipulation.
- Warning: Data is limited, so it's preferable to use Limit Orders and avoid trading during abnormal volatility.
Summary: The opportunity is a short-term bullish one with cautious risk management.
Continuous monitoring of price and indicators is essential.
