🔻 $ZEN — Failed Breakout, Downside Back in Control
$ZEN tried to escape and got hard rejected at 9.705. Since then, price has slipped back below EMA99, and the EMAs are compressing in a bearish stack — classic continuation behavior, not a bottom.
🔴 SHORT SETUP Entry: 9.320 – 9.380
SL: 9.520
🎯 Targets TP1: 9.150
TP2: 8.980
TP3: 8.750
🧠 Why this works • Failed breakout → trapped longs
• EMA99 acting as a ceiling
• Lower highs forming
• Breakdown favored unless 9.40 is reclaimed
Bias stays bearish below EMA99.
Wait for volume expansion on the breakdown for confirmation.
Trade sharp. Risk tight.
ZEN
7.151
-1.93%