🟢 Long scenario $ZEN
I don’t like chasing the price at 6.90 after it climbed to 7.078.
Technically, the better approach is one of two things:
1️⃣ Long on a pullback if the price drops to 6.85–6.90, then shows a rebound and a buy volume:
Approx. entry: 6.86–6.91
Stop: below 6.75
Target 1: 6.98
Target 2: 7.078
Target 3: 7.12–7.13
2️⃣ Long after a breakout
If a 15-minute/hour candle closes above 7.078 with a clear increase in volume, this provides stronger confirmation to continue the uptrend instead of entering during chop.
🔴 Short scenario
The Short becomes more logical if the price loses 6.85, then 6.75, with MACD staying bearish on the 15-minute timeframe.
Possible targets:
6.75 → 6.65 → 6.52
As long as the price is above 6.85–6.75, the Short is against the larger trend, because the 1-hour and 4-hour charts are still rising.
⚖️ Summary of probabilities based on the chart only
I assess the current situation as follows; these are not statistical odds or a guarantee:
🟢 Continuation of the uptrend after a correction: about 60%
🔴 Deeper correction toward 6.75–6.65: about 40%
But the most important point: 6.85–6.90 is the current decision zone.
If ZEN holds it, it may retest 7.078.
If it breaks it strongly with selling volume, the scene shifts into a correction toward 6.75 and then 6.65.
In short: the bigger trend is 🟢 bullish, but the 15-minute frame 🔴 has started to correct; therefore there’s no suitable confirmation to chase a Long at 6.90 before we see whether support holds or not.
I don’t like chasing the price at 6.90 after it climbed to 7.078.
Technically, the better approach is one of two things:
1️⃣ Long on a pullback if the price drops to 6.85–6.90, then shows a rebound and a buy volume:
Approx. entry: 6.86–6.91
Stop: below 6.75
Target 1: 6.98
Target 2: 7.078
Target 3: 7.12–7.13
2️⃣ Long after a breakout
If a 15-minute/hour candle closes above 7.078 with a clear increase in volume, this provides stronger confirmation to continue the uptrend instead of entering during chop.
🔴 Short scenario
The Short becomes more logical if the price loses 6.85, then 6.75, with MACD staying bearish on the 15-minute timeframe.
Possible targets:
6.75 → 6.65 → 6.52
As long as the price is above 6.85–6.75, the Short is against the larger trend, because the 1-hour and 4-hour charts are still rising.
⚖️ Summary of probabilities based on the chart only
I assess the current situation as follows; these are not statistical odds or a guarantee:
🟢 Continuation of the uptrend after a correction: about 60%
🔴 Deeper correction toward 6.75–6.65: about 40%
But the most important point: 6.85–6.90 is the current decision zone.
If ZEN holds it, it may retest 7.078.
If it breaks it strongly with selling volume, the scene shifts into a correction toward 6.75 and then 6.65.
In short: the bigger trend is 🟢 bullish, but the 15-minute frame 🔴 has started to correct; therefore there’s no suitable confirmation to chase a Long at 6.90 before we see whether support holds or not.
