From the daily chart, the move is very clear:
ZEN was trading roughly between 5 and 6, then a strong candle broke that area with a clear spike in volume, and the price is now around 7.10.
But there’s something that caught my attention 👀
The candle made a wick up to around 8 and pulled back, which means there is clear supply in the 8 area.
🎯 The plan I see:
🟢 Holding above 6.80–7.00 = momentum is still positive.
🚀 A breakout of 8 with strong volume = we could see more upside continuation.
🟡 A pullback to 6.0, 6.3 and holding there = a healthy correction and a better observation opportunity.
🔴 A break of 5.8 = the bullish scenario needs to be reassessed.
Personally, I don’t like chasing a candle that’s moving up like this 😅
💛💛 But on the daily timeframe, it looks like it’s going up if nothing unexpected happens.
But come on 😂😂 if ZEN wants to keep going, let it prove itself first or come back to me instead of me chasing it.
👀👀 The most important question: will 8 be resistance or just a stop along the way? 👀
$ZEN
ZEN was trading roughly between 5 and 6, then a strong candle broke that area with a clear spike in volume, and the price is now around 7.10.
But there’s something that caught my attention 👀
The candle made a wick up to around 8 and pulled back, which means there is clear supply in the 8 area.
🎯 The plan I see:
🟢 Holding above 6.80–7.00 = momentum is still positive.
🚀 A breakout of 8 with strong volume = we could see more upside continuation.
🟡 A pullback to 6.0, 6.3 and holding there = a healthy correction and a better observation opportunity.
🔴 A break of 5.8 = the bullish scenario needs to be reassessed.
Personally, I don’t like chasing a candle that’s moving up like this 😅
💛💛 But on the daily timeframe, it looks like it’s going up if nothing unexpected happens.
But come on 😂😂 if ZEN wants to keep going, let it prove itself first or come back to me instead of me chasing it.
👀👀 The most important question: will 8 be resistance or just a stop along the way? 👀
$ZEN
