Chart Request: #ZEN
$ZEN has a similar setup to $XEC, with price breaking above the descending trendline and the previous resistance area. Instead of chasing the move here, we’ll wait for a retest of the lower horizontal support zone around $4.3–$4.4.
If $ZEN successfully retests this zone and holds it as support, it could offer a favorable long entry with the potential for another move higher.
$ZEN has a similar setup to $XEC, with price breaking above the descending trendline and the previous resistance area. Instead of chasing the move here, we’ll wait for a retest of the lower horizontal support zone around $4.3–$4.4.
If $ZEN successfully retests this zone and holds it as support, it could offer a favorable long entry with the potential for another move higher.
