📉 ZEN Trade Setup | Short-Term Pullback Watch
$ZEN at $12.17 remains structurally strong, but momentum is starting to stall near a key resistance zone.
👉 Trade Idea: SHORT $ZEN
Levels:
• Entry: $12.20 – $12.50
• Targets: $11.65 → $11.00 → $10.00
• Stop Loss: $13.20
📊 Technical Reasoning:
ZEN has just completed a +21% impulsive move accompanied by very high volume (~$285M). Price is now approaching the $12.6–$12.8 resistance zone, where previous highs are concentrated.
While price is still holding above SMA 7 & SMA 30, momentum indicators are showing early fatigue:
• MACD histogram has flipped slightly negative
• RSI (~60) indicates momentum is no longer accelerating
📌 This setup favors a short-term pullback / mean reversion.
• $11.65 acts as the first key demand zone
• A breakdown could open the path toward $11.15–$10 if selling pressure expands
⚠️ Trend remains bullish on higher timeframes — this is a counter-trend short focused on short-term weakness.
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