I’m looking at $ZEN /USDT after a sharp 15m selloff. Price is now around 7.642, well below the visible MA(7) 8.016, MA(25) 8.073, and MA(99) 8.060, so momentum is clearly weak right now.
The important area for me is the 7.18–7.37 zone. Price wicked down to 7.184 and bounced, which makes that recent low important. I’d like to see price stabilize above this area before considering a long setup.
📍 Entry: 7.40–7.65, only if price holds and shows a clear bounce
🎯 TP1: 7.853
🎯 TP2: 8.094
🎯 TP3: 8.280
🛑 Invalidation: 7.184
If price loses 7.184, I’d step away from this setup because that would break the most recent visible low and keep the downside structure intact.
For me, this is a high-risk bounce setup, not a confirmed reversal. I’m waiting for price to prove it can reclaim nearby levels before getting more confident.
The important area for me is the 7.18–7.37 zone. Price wicked down to 7.184 and bounced, which makes that recent low important. I’d like to see price stabilize above this area before considering a long setup.
📍 Entry: 7.40–7.65, only if price holds and shows a clear bounce
🎯 TP1: 7.853
🎯 TP2: 8.094
🎯 TP3: 8.280
🛑 Invalidation: 7.184
If price loses 7.184, I’d step away from this setup because that would break the most recent visible low and keep the downside structure intact.
For me, this is a high-risk bounce setup, not a confirmed reversal. I’m waiting for price to prove it can reclaim nearby levels before getting more confident.
