$ZEN /USDT ā Bearish Reversal Likely After Strong Rejection Near 13.30
Trade Setup (Short):
Entry Range: 12.90 ā 13.10
Target 1: 12.30
Target 2: 11.90
Target 3: 11.50
Stop-Loss (SL): 13.45
š Short Outlook of the Market
ZEN has shown a sharp rejection near the 13.30ā13.40 resistance zone, signaling a potential bearish reversal on the 1H timeframe. Price quickly dumped after tapping resistance, forming a long-wick red candle ā a clear sign of sellers stepping in aggressively.
Momentum is weakening, and the structure is shifting back into a lower-high pattern, which often precedes further downside movement. A breakdown below 12.80 should confirm continuation toward the 12.3 ā 11.9 support zone.
As long as price remains below 13.45, bearish pressure remains dominant.
