$ZEN /USDT Bearish Continuation Setup – Sellers in Control
Market participants may see this as a dip, but price structure suggests sustained downside pressure on $ZEN/USDT.
Pair: ZEN/USDT
Direction: Short
Trade Plan:
Entry: 5.704614 – 5.733252
Stop Loss: 5.804848
TP1: 5.633018
TP2: 5.604379
TP3: 5.547102
Technical Outlook:
The 4H structure is positioned for further downside continuation, aligning with the prevailing bearish daily trend. While the 15m RSI is deeply oversold at 20.74, this may lead to a short-term bounce toward the 5.73 resistance zone — offering a more favorable short entry rather than signaling a confirmed reversal.
Price remains capped below key resistance, and unless buyers reclaim that level with strong momentum, the broader structure favors sellers.
The key question now: Is the oversold RSI signaling relief for bulls, or setting up the next leg lower?
Start the trade here 👇
