ZEN/USDT Short Setup: Bearish Rejection at Resistance! 📉⚡
🔹 Entry: $10.15 - $10.35
🎯 Target 1: $9.85 (Small & Safe)
🎯 Target 2: $9.55
🎯 Target 3: $9.20 (Major Support)
🛑 Stop Loss: $10.95
Technical Analysis:
ZEN is showing strong signs of a reversal after hitting a major resistance level on the daily and hourly charts. I have identified a "Bearish Engulfing" pattern at the peak, suggesting that the rally is losing steam.
Key Observations:
1. Rejection: Strong sell-off from the $10.80 resistance zone.
2. Trendline Break: On the 15m timeframe, the ascending trendline has been broken, confirming the bearish shift.
3. Target: Looking for a healthy pullback toward the previous support zone.
Always use a stop-loss and manage your risk carefully! 🏹💎
ZENUSDT
دائم
12.67
+4.59%