š“$ZEN
BEARISH TECHNICAL ANALYSIS ā SELLERS PRESSURING AFTER STRONG REJECTION
$ZEN has shown a strong upside spike but is now facing rejection near the upper resistance zone, signaling a potential short-term reversal. The failure to sustain momentum above the recent high and the formation of a lower rejection wick indicate weakening buyer strength. If price remains below the key resistance block, downside continuation is likely.
TECHNICAL OUTLOOK
ā¢ Clear rejection from major resistance.
ā¢ Loss of bullish momentum after sharp rally.
ā¢ Breakdown potential if candles close below the mid-range support.
TARGET LEVELS
ā¢ TP1: 10.20
ā¢ TP2: 10.00
ā¢ TP3: 9.70
STOP LOSS
ā¢ SL: Above 10.70 resistance zone
RISK MANAGEMENT
Use controlled position sizing, keep SL active, and avoid chasing entries during volatility.
