$ZEN getting sold while still above the 20d and 50d MA... is this just a clean shakeout before the next leg, or is $5.39 where momentum finally cracks? 👀
Volume is still 1.9x the 20d average, so this isn’t dead tape. RSI on the 4h sits at 56, and longs are still paying funding at 0.010%... not exactly washed.
Feels a lot like $XRP when it’s heavy but not broken.
If it tags the recent $5.50 area again, I’d want to see how it reacts there. If it loses that zone, the mood changes fast. Short.
#ZEN
#Binance
#CryptoNews
Volume is still 1.9x the 20d average, so this isn’t dead tape. RSI on the 4h sits at 56, and longs are still paying funding at 0.010%... not exactly washed.
Feels a lot like $XRP when it’s heavy but not broken.
If it tags the recent $5.50 area again, I’d want to see how it reacts there. If it loses that zone, the mood changes fast. Short.
#ZEN
#Binance
#CryptoNews