$ZEN isn’t cheap at $5.33. It’s bleeding.
Down 11.34% today on $5.19M volume, with the 4h move at -10%. RSI is 36, but oversold can stay oversold while price sits below both the 20d and 50d averages. I’ve been burned buying that setup because one green candle looked like a reversal. 😬
At $5.00, I’d rather wait for strength than catch a falling knife. Longs are still paying 0.009% funding, so leverage hasn’t fully washed out. $XRP can hold up while smaller names get sold. Opportunity is real. So is the trap. ⚠️
#ZEN
#Web3
Down 11.34% today on $5.19M volume, with the 4h move at -10%. RSI is 36, but oversold can stay oversold while price sits below both the 20d and 50d averages. I’ve been burned buying that setup because one green candle looked like a reversal. 😬
At $5.00, I’d rather wait for strength than catch a falling knife. Longs are still paying 0.009% funding, so leverage hasn’t fully washed out. $XRP can hold up while smaller names get sold. Opportunity is real. So is the trap. ⚠️
#ZEN
#Web3