$ZEN pushed strongly from the 11.10 support area and ran into the 12.50–12.56 zone, where price clearly got rejected. The rejection candle was sharp, showing sellers stepping in aggressively near resistance rather than slow profit-taking. After the pullback, price is now struggling to regain the highs, which signals momentum loss after an extended push.

As long as ZEN stays below the 12.40–12.55 resistance zone, further downside toward the lower range remains possible. This is a short-term scalp focused on playing the rejection from resistance, not a full trend reversal. A clean reclaim and hold above resistance would invalidate this setup.

Scalp Trade Plan

Short

Entry Zone: 12.30 – 12.80

TP1: 11.90

TP2: 11.50

Stop Loss: 13.20

Leverage: 20x – 50x

Margin: 1% – 3%

Risk Tip: Secure partial profits at TP1 and move stop-loss to breakeven.

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ZENUSDT

Perp

10.04

-8.55%