$ZEN – Coiling Under Resistance, Ready to Squeeze Higher or Break Traders’ Nerves
ZEN is stuck right under a key ceiling at $9.33, getting rejected over and over… but buyers are quietly absorbing every dip. That kind of pressure under resistance doesn’t last forever.
🎯 Trading Plan – LONG $ZEN
• Entry: $8.85 – $9.06
• Stop Loss: $8.40
• Take Profit 1: $9.80
• Take Profit 2: $10.60
You’re basically betting that this sideways grind under resistance ends with a breakout, not a breakdown.
🔍 Key Levels & Structure
• Dynamic resistance:
• The MA(25) at $9.33 is acting as a strong dynamic ceiling, consistently rejecting price after the initial bounce.
• Once ZEN closes convincingly above $9.33, that same level turns into a springboard toward your upper target at $10.60.
• Support & downside risk:
• As long as ZEN holds above $8.85–$8.80, the bullish structure is intact.
• Lose $8.80, and price likely slides back to retest the $8.00 low, where the long idea becomes much weaker.
📊 Momentum Snapshot
• RSI still has room to rise, which fits a scenario where ZEN can push into a fresh leg up instead of being overextended.
• MACD crossing above zero signals that bullish momentum is picking up, not fading – exactly what you want when price is pressing against resistance.
This is not some random bounce in the middle of nowhere – it’s a compression right under a clear ceiling.
🧠 Psychology of the Setup
• Impatient traders are already giving up because “it’s not moving”.
• But each rejection at $9.33 comes with higher lows, and those who are loading between $8.85–$9.06 with a tight $8.40 stop are positioning before the breakout, not after.
If ZEN rips through $9.33, traders chasing above $9.80–$10.00 will be buying from the ones who were patient in your entry zone.
