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$ZEN Bullish Correction within an Uptrend
The provided K-line data shows significant volume spikes during the major upward moves. Recent candles show declining volume during the pullback to the current price, which is a classic sign of a healthy correction—weak hands exiting on low volume, not aggressive selling. The most recent 1h candle has very low volume, suggesting a pause and indecision.
Capital Flow Data: A critical bearish divergence is evident. There is a consistent and substantial net outflow of contract funds across all timeframes (e.g., -928k USDT 4H, -4.08M 6H/8H, -16.94M 24H, -55.62M 5D). This indicates large players are actively closing long positions or opening shorts, a significant warning sign despite the price holding up relatively well. Spot funds also show outflows, but they are magnitudes smaller than the contract outflows (-524k 4H, -1.18M 8H, -2.81M 24H), suggesting the selling pressure is more concentrated in the leveraged derivatives market.
The overwhelming evidence from the massive contract fund outflows cannot be ignored and points to a high probability of a larger downturn. However, the low-volume pullback, neutral RSI, potentially bullish KDJ, and tight Bollinger Bands suggest a bounce towards the nearest resistance may occur first before any significant drop.
Entry long $ZENT : Consider a long entry near the key support of 12.011 USDT, anticipating a bounce. A more aggressive entry could be on a break and hold above 12.50 USDT (reclaiming the MA20), confirming the bounce is underway.
Stop-Loss: Set at 3% below entry (e.g., ~11.66 USDT if entering at 12.011)
Target Price
$ZEN : First target at Resistance level (12.922 USDT)
Second target at next resistance (13.343 USDT)
If the bounce lacks strength, be prepared to exit early. The bearish capital flow data is a major red flag; any long trade is highly tactical and carries significant risk.
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