ZEN +12% on 3x volume — privacy coins are having a moment. 🔐🚀
Price: $6.165 | RSI 4H: 64.3 | Daily RSI: 71.1
The Setup:
$14.1M volume surging through ZEN with price breaking above SMA7 ($6.11 on 4H) and daily SMA7 ($5.58). Strong uptrend confirmed across timeframes.
Long/short ratio at 2.26 — heavily bullish positioning. MACD positive and expanding on both 4H and daily. The move has legs.
Trade Plan (LONG):
📍 Entry: $6.03 - $6.30
🛑 Stop Loss: $5.62 (below 4H SMA25 at $5.68)
🎯 TP1: $6.41 | TP2: $6.66 | TP3: $6.90
Risk/Reward: 0.4R | Confidence: 74%
Why? Volume surge + trend alignment + bullish L/S ratio. The aggressive R:R reflects conviction in the momentum. Use tighter sizing if uncomfortable.
ZEN to $7 or pullback first? 👇
#ZEN #Horizen #DYOR
⚠️ Disclaimer: Not financial advice. DYOR and never risk more than you can afford.
Price: $6.165 | RSI 4H: 64.3 | Daily RSI: 71.1
The Setup:
$14.1M volume surging through ZEN with price breaking above SMA7 ($6.11 on 4H) and daily SMA7 ($5.58). Strong uptrend confirmed across timeframes.
Long/short ratio at 2.26 — heavily bullish positioning. MACD positive and expanding on both 4H and daily. The move has legs.
Trade Plan (LONG):
📍 Entry: $6.03 - $6.30
🛑 Stop Loss: $5.62 (below 4H SMA25 at $5.68)
🎯 TP1: $6.41 | TP2: $6.66 | TP3: $6.90
Risk/Reward: 0.4R | Confidence: 74%
Why? Volume surge + trend alignment + bullish L/S ratio. The aggressive R:R reflects conviction in the momentum. Use tighter sizing if uncomfortable.
ZEN to $7 or pullback first? 👇
#ZEN #Horizen #DYOR
⚠️ Disclaimer: Not financial advice. DYOR and never risk more than you can afford.