$ZEN /USDT – Long Trading Plan
Trading Plan (Long):
• Entry zone: $8.80 – $9.00
• Stop Loss (SL): $8.45
• Take Profit (TP1): $9.41
• Take Profit (TP2): $9.95
Key Resistance/Support:
• Support: $8.80 – $8.90 is the intraday base, just above the recent low at $8.876. Losing this zone opens risk toward the $8.01 swing low.
• Resistance: EMA(99) at $9.29 and EMA(200) at $9.41 are the first dynamic resistances; above them, the next major level is the prior spike high area $10.69 with psychological resistance around $10.00.
Indicators:
• RSI (12 & 24) are sitting in the low-40s after a strong dump, showing short-term oversold conditions and room for a corrective bounce.
• MACD is still below zero, confirming bearish momentum, but the histogram is flattening, signalling a potential slowdown in selling pressure.
Outlook:
As long as price holds above $8.80, a relief bounce toward the EMA cluster at $9.29–$9.41 remains likely, with extension toward $9.95–$10.00 if bulls reclaim the EMAs.
A 1h close below $8.80 would invalidate this long setup and warns of a deeper move toward $8.01, where a new plan would be required.
