$ZEN
ZEN
5.812
+0.32%
Alright, based on the chart for the ZEN/USDT pair:
📊 Current situation:
Current price: ≈ 5.72
Overall trend: Bearish
Averages:
MA7 = 5.67 (Short)
MA25 = 5.79
MA99 = 5.93
➡️ Price below averages = Ongoing selling pressure
✅ Potential scenarios:
🔵 Buy option (cautiously):
Enter a buy only if one of the two conditions is met:
1️⃣ Break resistance:
Entry: after closing above 5.85
Target: 6.00 – 6.15
Stop loss: 5.65
2️⃣ Bounce from support:
Support area: 5.60 – 5.65
Enter close to it with a positive candle
Stop: 5.55
⚠️ Do not enter a buy directly now without confirmation.
🔴 Sell option (Short):
Since the trend is bearish, selling right now is stronger:
Sell entry: between 5.75 – 5.85
Target: 5.60 then 5.45
Stop loss: 5.95
This scenario is stronger right now.