#ZEN/USDT Analysis 💥
4H Perpetual Futures
ZEN has recently formed a Fair Value Gap (FVG) in the 8.85 – 8.92 range. If the market validates this FVG (i.e., price touches this zone and shows a bullish reaction), a retracement upward is likely.
Entry Zone: 8.85 – 8.92 (FVG area)
Stop Loss: 8.75 (below the FVG)
Take Profit 1: 9.25 (recent high)
Take Profit 2: 9.50 (next resistance)
Market Context:
· RSI is near neutral at 53.32, not indicating overbought or oversold conditions.
· Validation of the FVG could signal a short-term bullish move.
· A tight stop loss is recommended to manage risk.
Observation:
Wait for price to enter the FVG zone and show signs of rejection or bounce before considering an entry. If validated, the setup offers a favorable risk-to-reward scenario
ZENUSDT
Perp
8.95
+5.81%