🪙 Analysis and tracking of currency $ZEN (Horizen) The currency has reached
the bottom and is ready to enter ⚡️
🔹 Current purchase price: 8.37
🎯 Goals:
🎯 First target: 8.90
🎯 Second target: 9.60
🎯 Third target: 10.30
🛑 Stop loss: 7.80
📌 Let's talk a bit about the currency:
Horizen is one of the projects that focuses on privacy and decentralized infrastructure, offering an expansive ecosystem of applications and tools. The current price of 8.39 is close to strong support, which provides a good entry opportunity if the positive momentum on the network continues.
📊 Key technical indicators:
• RSI in the middle range allows for upward movement without saturation.
• MACD is close to a positive crossover, which is usually a signal for an upward movement.
• Trading volume is stable and indicates gradual accumulation.
• The short-term trend is upward after a strong rebound from support.
💡 Advice:
Adopt a gradual buying approach and keep a small portion ready for any slight drop that enhances your position.
⚠️ Alert:
Breaking the level of 7.80 could open the way for a new drop, so sticking to the stop loss is essential