$ZEN Short Setup🎯
Entry Zone: 9.150 – 9.380
TP1 : 8.850
TP2 : 8.520
Stop Loss: 9.680
Leverage: 10x – 20x
Strategy: This is a "Sell the Rip" setup. We are looking to enter on a retracement to the previous support-turned-resistance.
Technical Analysis
$ZEN has shown a significant bearish breakdown after losing its key consolidation floor around the 9.39 – 10.12 range. The recent price action shows an aggressive "sell-off" with strong red candles, indicating a clear shift in momentum toward the bears.
Currently, the price is attempting a weak relief rally (dead cat bounce) after hitting a local low of 8.825. This rally is likely to face heavy selling pressure near the previous breakdown point, which has now flipped into a resistance zone. As long as ZEN remains below 9.40, the macro trend is firmly bearish, and further downside exploration is expected.
Note: High leverage (20x+) in crypto is extremely risky. Always ensure you are using proper risk management and only a small percentage of your total margin.
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$ZEN