ZEN up 22.6% with 3x normal volume and RSI at 80.5. Privacy coin mania is real, and ZEN is riding the wave hard.
The numbers:
🔥 4H RSI: 80.5 (overbought)
🔥 Daily RSI: 79.4 (also overbought)
💰 Volume: $20.2M (2.89x normal)
📈 Price at $7.35 vs SMA25 4H at $5.85 — thats a 25% premium to the mean
📊 Long/Short ratio: 1.79 — longs are piling in
The risk here is obvious: dual-timeframe overbought with crowd heavily long. But momentum can override overbought for days.
🎯 Trade Plan (LONG):
• Entry: $7.18 - $7.53
• Stop Loss: $6.64 (below 4H SMA7 — trend break level)
• TP1: $7.65 | TP2: $7.94
• R:R = 0.4
Tight position sizing is non-negotiable here. This is a momentum grab, not a swing.
Privacy coins: the next sector rotation or already too late? 💬
#ZEN #Horizen #DYOR
⚠️ Disclaimer: Not financial advice. Always do your own research and manage risk.
The numbers:
🔥 4H RSI: 80.5 (overbought)
🔥 Daily RSI: 79.4 (also overbought)
💰 Volume: $20.2M (2.89x normal)
📈 Price at $7.35 vs SMA25 4H at $5.85 — thats a 25% premium to the mean
📊 Long/Short ratio: 1.79 — longs are piling in
The risk here is obvious: dual-timeframe overbought with crowd heavily long. But momentum can override overbought for days.
🎯 Trade Plan (LONG):
• Entry: $7.18 - $7.53
• Stop Loss: $6.64 (below 4H SMA7 — trend break level)
• TP1: $7.65 | TP2: $7.94
• R:R = 0.4
Tight position sizing is non-negotiable here. This is a momentum grab, not a swing.
Privacy coins: the next sector rotation or already too late? 💬
#ZEN #Horizen #DYOR
⚠️ Disclaimer: Not financial advice. Always do your own research and manage risk.