$ZEN This one just bled out — and finally found a floor.

ZEN/USDT has been in a clean, painful downtrend since the rejection near 9.42. No hype candles. No fake strength. Just steady distribution… until that final dump into 7.27.

That candle matters.

Sharp selloff, strong volume, and then price stopped going lower. Sellers threw everything they had — and the market absorbed it.

Now we’re bouncing back to 7.55, and the tone has changed.

What the chart is saying

Prolonged downtrend → late-stage selling

Clear capitulation wick at 7.27

Small-bodied candles after the low = selling pressure fading

First impulsive green candle off the bottom → early demand response

This is not a trend reversal yet —

this is a relief zone after exhaustion.

Key levels to watch

Major demand: 7.20 – 7.30

Current reclaim zone: 7.50 – 7.65

First resistance: 7.95 – 8.10

Heavy supply above: 8.50

Trade idea (dead-cat → relief bounce)

EP: 7.45 – 7.60

TP: 7.95 / 8.10

SL: 7.15

If 7.30 holds, this bounce can extend quickly — ZEN moves fast once sellers step away.

If price slips back below 7.20, you don’t argue with it.

This is the kind of chart where risk is defined and upside appears suddenly.

I’m watching how it behaves into 8.0 — that’s where the real test begins.