$ZEN /USDT – BEARISH PRESSURE PERSISTS DESPITE SHORT-TERM BOUNCE!
Current Price: $8.82
24H Change: +3.76%
24H High/Low: $8.83 / $8.41
Market Outlook:
$ZEN /USDT has shown a minor intraday recovery, but the broader trend remains bearish with -14.04% loss in the last 7 days and -6.67% over the past month. The current price action reflects a relief bounce rather than a full reversal. The price is facing a strong resistance zone, and unless broken, the downtrend may continue.
Key Technical Levels:
Immediate Resistance: $8.90 – current supply zone
Major Resistance: $9.00 – psychological level and previous support turned resistance
Immediate Support: $8.50 – minor pullback level
Major Support: $8.40 – daily low and breakdown risk area
Trade Setup (Short):
Entry Zone: $8.85–$8.95 (on rejection from resistance zone)
Targets (TP):
TP1: $8.50
TP2: $8.20
Stop Loss (SL): $9.05
Alternate Setup (Long):
Entry: $9.00+ (only on confirmed breakout with volume)
TP: $9.40
SL: $8.75
Sentiment Summary:
Short-term price recovery may trap aggressive buyers. If $9.00 is not convincingly broken, bears may push the price back toward the $8.40–$8.20 zone. A true bullish shift needs sustained volume and daily close above $9.00.
Risk Management:
Set clear SLs and use only 1–2% of your portfolio per trade. Don't trade blindly—wait for price action confirmation, especially near resistance zones.
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