$ZEN has been retracing since 3 days and Coming to H4 OrderBlock+Fair Value Gap zone. If you want to buy on spot then you can take 1-5% risk at 9.00$ Level and keep stoploss below the zone and book some partial target at 1:1 and close remaining position at 1:2.
What Volume Showing?🤔
H1-H4 and Daily Timeframe have buying climax volume, which indicates that Zen may dump up to 9.1$-9.00$ Level.
Volume Signs For Long Position:📊
I have marked the H4 zone on the chart, so according to that you should look for volume signs on the M15 and M30 timeframes. One rule of volume is that the structure should be bullish and if you look at the H4 and daily timeframes then there is a bullish trend and I am currently waiting for the ZEN to come to the H4 zone and make M15-M30 signs and according to the structure if they do momentum shift (MS) then also you can buy.
✨Important Tips:
Always Use Stoploss and trade with 1-2% risk per trade.
What's your thoughts 💭 about ZEN? Let me in the comment.$ZEN
