$ZEN /USDT – Short Setup After Rejection
Timeframe: 15m
Exchange: Binance
Market Structure:
ZEN experienced a sharp impulsive move to the upside, followed by clear rejection near the 8.85–8.90 resistance zone. The price is now printing lower highs and lower lows, confirming short-term bearish structure.
Key Observation:
Strong bullish spike was not sustained → classic liquidity grab / distribution
Bearish momentum increasing as price slips back below intraday support
Current price hovering around 8.59, acting as weak support
🔴 Short Scenario (Primary Bias)
Entry Zone:
8.62 – 8.70 (pullback into minor resistance / breakdown retest)
Targets:
TP1: 8.45
TP2: 8.30
TP3: 8.05 (if momentum accelerates)
Stop Loss:
8.92 (above rejection high & invalidation level)
📉 Bearish Outlook
As long as 8.85–8.90 remains unbroken, the bias stays bearish. The sharp sell-off after the top suggests buyers are exhausted, and price is likely to continue bleeding toward lower liquidity zones.
A clean break and hold below 8.50 could open the door for a faster downside expansion.
