I’m looking at $ZEN /USDT after a strong intraday recovery from the 5.026 area. Price is now around 5.065 and holding just above the visible MA60 at 5.058, which is the key area I’m watching here.
For me, the setup becomes interesting as long as price keeps holding 5.058–5.060. The recent pullback found support around 5.056 before price bounced back toward 5.066, so I’d like to see that support continue to hold.
📍 Entry: 5.058–5.066
🎯 TP1: 5.077
🛑 Invalidation: 5.056
If price pushes cleanly through 5.066, I’d look for a move toward 5.077, which is the next clearly visible resistance on the chart. I wouldn’t force another target because the screenshot doesn’t provide enough nearby structure to justify one.
If price loses 5.056, I’d step away from this setup because that would break the recent bounce structure and put the price back below the MA60.
Overall, I like the current positioning, but I’m still waiting for confirmation. Holding above 5.058 and reclaiming 5.066 would make the setup much cleaner for me.
For me, the setup becomes interesting as long as price keeps holding 5.058–5.060. The recent pullback found support around 5.056 before price bounced back toward 5.066, so I’d like to see that support continue to hold.
📍 Entry: 5.058–5.066
🎯 TP1: 5.077
🛑 Invalidation: 5.056
If price pushes cleanly through 5.066, I’d look for a move toward 5.077, which is the next clearly visible resistance on the chart. I wouldn’t force another target because the screenshot doesn’t provide enough nearby structure to justify one.
If price loses 5.056, I’d step away from this setup because that would break the recent bounce structure and put the price back below the MA60.
Overall, I like the current positioning, but I’m still waiting for confirmation. Holding above 5.058 and reclaiming 5.066 would make the setup much cleaner for me.