$ZEN breaks a quiet downward resistance from the $8.30 area...
shows signs of weakness after repeated rejection from the $8.30 resistance level. With the formation of a recent lower high below $8.26 and increasing selling pressure, this could present a strong selling opportunity for short sellers and day traders.
📉 Trading Setup (Selling Idea):
Entry Area: $8.08 - $8.12
Take Profit 1: $7.95
Take Profit 2: $7.83
Take Profit 3: $7.69
Stop Loss: $8.28
Professional Tip:
Watch for a bearish engulfing pattern near the $8.10 - $8.15 area. If the price rejects here again, it will enhance the likelihood of a downturn.
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