📊 Analysis of the current situation
- Price: $10.07 (+8.50% for the day).
- Key levels:
- Maximum 24h: $12.08 (growth target).
- Minimum 24h: $8.43 (support level).
- Volumes: 134K ZEN (1.39M USDC) — high activity confirming interest.
📈 Indicators:
1. EMA(50) > EMA(200): Golden cross (9.53 > 9.35) — buy signal.
2. MACD:
- DIF > DEA (0.05 > -0.04) — upward momentum.
- MACD histogram: 0.08 (positive moment).
3. RSI(14): 58.07 — neutral zone, no overheating.
🚀 Strategy:
1. Entry into long:
- Condition: Correction to $9.50 (EMA50) or rebound from $8.43 (support).
- Take-profit: $12.08 (max 24h) → securing 20% profit.
2. Stop-loss: $8.30 (below the minimum).
3. Scalping: When testing EMA50 on the 15m timeframe — entry with TP +2-3%.
💡 Important:
- Risk management: No more than 2% of the deposit per trade.
- Diversification: Monitor BTC/USD in parallel — ZEN often correlates with the market.
- Taker Fee: Low Binance fees enhance liquidity.
🔥 Conclusion:
Now is a good time for medium-term positions. We await confirmation from MACD and RSI on the daily chart.
⚠️ Not investment advice! This is an educational breakdown for understanding market mechanics. All decisions are at your own risk.
💬 Let's discuss in the comments: What indicators do you use?
