I’m looking at $ZEN /USDT on the 15m chart, and the structure is clearly weak right now. Price is at 7.548, sitting just above the visible low at 7.533, while the recent candles are mostly pushing lower.
For me, the important area is 7.651–7.718. Price has fallen below this zone, and all three visible moving averages are above current price: MA(7) 7.703, MA(25) 7.724, and MA(99) 7.809. The latest sell candle also comes with noticeably higher visible volume, so I’d stay cautious about chasing the move here.
I’d prefer a short setup only if price gives a bounce toward 7.651–7.718 and shows rejection.
📍 Entry: 7.651–7.718
🎯 TP1: 7.533
🎯 TP2: 7.517
🛑 Invalidation: 7.784
If price loses 7.533, downside continuation is possible, but I wouldn’t assume it will happen. If price reclaims 7.718, I’d step back from the setup; a move toward 7.784 would weaken the bearish idea further.
For me, patience matters here—I’d rather wait for a clear reaction than chase the current drop.
For me, the important area is 7.651–7.718. Price has fallen below this zone, and all three visible moving averages are above current price: MA(7) 7.703, MA(25) 7.724, and MA(99) 7.809. The latest sell candle also comes with noticeably higher visible volume, so I’d stay cautious about chasing the move here.
I’d prefer a short setup only if price gives a bounce toward 7.651–7.718 and shows rejection.
📍 Entry: 7.651–7.718
🎯 TP1: 7.533
🎯 TP2: 7.517
🛑 Invalidation: 7.784
If price loses 7.533, downside continuation is possible, but I wouldn’t assume it will happen. If price reclaims 7.718, I’d step back from the setup; a move toward 7.784 would weaken the bearish idea further.
For me, patience matters here—I’d rather wait for a clear reaction than chase the current drop.
