$ZEN /USDT TECHNICAL ANALYSIS 🚀📈
Market Outlook:
The current price is around $7.39 showing bullish recovery with a recent move of +2.64%. Momentum is building, suggesting a potential bullish breakout if the price holds above key support. 🔥
Key Levels:
Resistance: Watch the upper zone around $7.47 - $7.50. A breakout here could signal further upside.
Support: Immediate support is identified near $7.30 with a tighter cushion around $7.20. These levels could act as a safety net in case of a pullback. 🔑
Trade Setup:
Entry: Consider a Long position if the price continues to stabilize above $7.39.
Target (TP): Aim for $7.70, aligning with an optimistic uptrend.
Stop Loss (SL): Place stop loss below the immediate support at $7.30 to manage downside risk. 📊
Risk Management:
Ensure you’re risking only a small percentage of your portfolio. Adjust your position sizing accordingly to maintain a favorable risk-reward ratio. 💰👌
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