Trade Idea: Short $ZEN /USDT
Entry Zone: 9.00 – 9.15
Stop Loss (SL): 9.40
Take Profit Targets
· TP1: 8.80
· TP2: 8.60
· TP3: 8.40
Rationale:
· Price is currently trading below key moving averages (MA7: 9.067, MA25: 9.242, MA99: 9.843), indicating a bearish trend.
· The 24-hour high/low shows rejection near the 9.692 level, with current price near the day's low of 8.825.
· Volume is elevated, supporting potential downside momentum.
Risk Management:
· SL is placed above the recent swing high and MA resistance.
· TP levels are set at key support zones for gradual profit-taking.
Note: This is not financial advice. Always do your own research and manage risk accordingly.
