ZEN is trading around $9.75 after a strong impulse move that tagged $10.086 (24H high) and then pulled back. On the 4H chart, this looks like a classic range → breakout → retest situation. (Analysis based on your shared chart screenshot.)
What Happened on the Chart? 🧠
1) Accumulation Phase ✅
Price spent a good amount of time moving sideways around the $9.10–$9.60 area, showing buyers and sellers battling in a tight range.
2) Expansion Move 🚀
A strong bullish candle pushed ZEN up fast into the $10.00+ zone, taking liquidity and triggering momentum buys.
3) First Rejection at the Top 🧱
The wick near $10.086 suggests selling pressure at the psychological $10 level—normal after a sharp pump.
Now ZEN is cooling off near $9.75, and the next move depends on whether bulls can defend the breakout area.
Key Levels to Watch 🔑
🟩 Support Zones
$9.10–$9.20 → breakout base / retest zone (most important)
$8.60–$8.65 → strong demand area (24H low area: $8.618)
$8.10 → deeper support if the market turns weak
🟥 Resistance Zones
$9.90–$10.10 → immediate sell wall + psychological level
$10.08–$10.20 → local top zone (major hurdle)
Two High-Probability Scenarios 🎭
Scenario A: Bullish continuation 📈✅
If ZEN holds above $9.20 and reclaims $10.00 with strength, a retest of $10.08–$10.20 becomes likely. A clean break above that zone can open the door to the next psychological levels.
Scenario B: Deeper pullback 🔁⚠️
If ZEN loses $9.10–$9.20, the chart suggests a possible move back toward $8.60–$8.65 (buyers’ defense line). That’s the level where bulls must step in again.
Simple Trade Framework (Idea) 💡
Entry zone: $9.30–$9.60 (on dips / confirmation)
DCA levels: $9.20 → $8.85 → $8.65
Stop-loss: below $8.55 (under the key support)
Targets: 🎯 $10.00 → $10.08 → $10.20 (and then higher only if breakout holds)
Risk tip 🛡️: After TP1, consider securing partial profit and moving SL closer to entry to protect capital.
Final Take 🧨
ZEN has shown strong momentum, but $10 is the battlefield right now. Bulls want a clean breakout, bears are defending hard. Best approach: trade the levels, not emotions. 📌
