🔥 $ZEN looking pretty solid bullish even though it's consolidating.
Volume-wise, we've seen decent expansion on the upside moves lately (24h volume sitting around 3.3M), which is backing this little rally attempt nicely.
Capital flow is looking strong too – net inflows across a few timeframes (like +1.38M on 30m, +1.28M on 1h, +2.77M on 4h) point to some real accumulation, probably from bigger players. Spot flows are a bit mixed but overall leaning positive.
On the chart side, price got rejected hard at the lower levels around 7.807 (that 24h low), then pushed back up above the key moving averages. That 9.55% daily gain shows buyers are definitely stepping in. Looking back, there's that old resistance zone at 8.65–9.07, which lines up with where we're bumping into resistance now.
*My overall read $ZEN : Cautious long position feels right
- Entry ideas: Wait for a pullback to 8.25–8.35 USDT (nice confluence with MA support) or a clean breakout above 8.75 with solid volume to confirm.
- Stop loss: at 7.35 USDT (factoring in the current ATR ~0.77).
- Targets: Primary at 9.25, secondary at 9.75 if we get real momentum.
That $ZEN 8.65 level is crucial; we need to break it convincingly to keep pushing higher. #ZEN/USDT #ZENUSDT #horizen