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$ZEN – Momentum Rally, Watching the Pullback (Bullish Bias 📈)
Market Structure:
ZEN has printed a clear impulsive breakout from the $8.3–$9.0 base, rallying sharply to a local high near $12.96. Structure remains bullish (HH/HL) on lower timeframes, but price is now in a short-term consolidation / corrective phase after the vertical move.
Key Levels:
Resistance: $12.50–$13.00 (supply zone / recent high)
Major Resistance: $14.20 (higher timeframe cap)
Support: $11.80–$11.20 (prior breakout + intraday demand)
Major Support: $10.10 (range low / invalidation)
Volume & Flow:
Strong volume expansion confirmed the breakout.
Recent candles show cooling momentum, suggesting profit-taking rather than trend reversal.
Order book shows ask dominance, but not aggressive distribution — more consolidation than dump.
Indicators:
MACD losing upside momentum on 1H, hinting at a healthy reset.
Momentum remains positive as long as price holds above the $11.2 zone.
Trade Plan (Bullish):
Entry Zones:
Aggressive: $11.80–$12.00
Conservative: $11.20–$11.40
Stop Loss: Below $10.90
Targets:
TP1: $12.95
TP2: $14.20
TP3 (extension): $15.80
Bias:
As long as ZEN holds above $11.20, dips look like buy-the-pullback opportunities within a broader bullish continuation. Loss of $10.10 would invalidate this setup.
Narrative Tailwind:
Privacy coin momentum + Base integration + institutional visibility continue to support upside volatility.
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