📈 Long Signal $ZEN (Horizen) - Buying the Dip After Flash Liquidation
Entry: 12.500 - 12.750 USDT
TP1: 13.350 USDT (Local resistance on 15M)
TP2: 13.900 USDT (Previous high consolidation area)
TP3: 14.200 USDT (Recent wick peak/Resistance)
SL: 11.800 USDT (Below the massive 1H wick low)
Why Long ?
Absorption of Sell Pressure: Looking at the 1H chart, ZEN just experienced a massive "stop-hunt" or flash liquidation, dropping from 14.22 to 11.87 before aggressively bouncing back to the 12.60 area. This long lower wick indicates strong buying interest and a "cleansing" of over-leveraged long positions.
V-Shape Recovery Potential: The price stabilized quickly after the dump. On the 15M timeframe, ZEN is starting to form higher lows (12.33 -> 12.42 -> 12.66) after the initial shock, suggesting that the "bottom" of this correction is likely in.
Trade ZEN now by clicking on the chart below 👇 $ZEN
