$ZEN is testing resistance as bearish structure remains dominant despite oversold momentum.


Trading Plan SHORT: ZEN

Entry: 5.6 – 5.65

Stop-Loss: 5.8

TP1: 5.4
TP2: 5
TP3: 4.7

ZEC is approaching a key resistance area around 5.73 where the broader bearish structure continues to hold. The 4H setup signals short readiness while the daily trend remains firmly to the downside. Although the 15m RSI at 20.74 reflects deeply oversold conditions, this often points to a temporary bounce into resistance rather than a confirmed reversal, keeping downside continuation as the favored scenario.

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ZEN
ZENUSDT
5.796
-1.76%