$ZEN
The price is in an area of extreme buying pressure. If the momentum continues, it may rise further. However, there is a greater likelihood of a correction occurring soon before any new upward movement. Wait for an entry near the income areas
🟢 Entry Area
From: 9.95 to 10.10
🎯 Exit Targets:
1. 10.65
2. 10.90
3. 11.25
⛔ Stop Loss: 8.95
ZENUSDT
Perp
10.47
+17.21%
· RSI(6): 96.489 → Extreme buying, correction likely.
· STOCHRSI: 100.000 → Overbought indicator, be cautious.
· MACD (DIF & MACD): → Positive, confirming the strength of the upward trend.
· EMA(7) > EMA(25) > EMA(99) → Moving averages arranged in an upward order, strong trend.
· OBV High: → Trading volume supports the continuation of the rise.
· Increase +17.50%: → Very strong momentum today.