🔹 Trading pair: ZEN/USDT (Horizen)
🔹 Timeframe: 15 minutes
🔹 Exchange: Binance
🔹 Current price: ~12.63 USDT
🔹 Key movements:
Two buy zones identified at 12.96 USDT and 12.40 USDT. Support and resistance levels highlighted with white lines. Green moving average, probably an EMA (exponential moving average), used to identify trends and resistances. Long and Short signals, with position closures highlighted.
📊 Technical analysis:
The price broke down below the upper level of the first buy zone (12.96 USDT). The second buy zone at 12.40 USDT represents a potential bounce point. Key lower support at 11.52 USDT, which could be tested in case of further decline. Main resistance around 13.50 USDT, where Long orders have been closed and Shorts opened.
📢 Trading strategy:
Long: If the price bounces from the second buy zone, with confirmation of increasing volumes. Short: If the price breaks the second buy zone and heads towards the support at 11.52 USDT.
🎯 Conclusion: The chart highlights a clear trading strategy based on key support and resistance levels. Wait for confirmations before entering a position to maximize the risk/reward ratio.
