ZENUSDT is attempting to break above a descending triangle structure on the 1D timeframe.
The breakout is constructive, but price still needs to clear the nearby resistance before the setup gains stronger confirmation.
Current price: $4.363
Key Levels
đŻ Resistance: $4.532 (+3.87%)
đ Target: $5.056 (+15.88%)
â ïž Invalidation: 1D candle close below $4.15 (-4.88%)
đ Stop loss: $3.79 (-13.13%)
The important level now is $4.532.
A sustained move above this resistance would strengthen the breakout and open the way toward the $5.056 target.
On the downside, a daily close below $4.15 would weaken the breakout structure, while $3.79 remains the final stop-loss level for this setup.
The setup is based on confirmation rather than simply trading the first move above the descending trendline.
#ZENUSDT #Horizen #Crypto #TechnicalAnalysis
Technical analysis for educational purposes only, not financial advice.
