$ZEN /USDT SIGNAL โ UPTREND IN THE MAKING! โผ๏ธ๐๐จ
The $ZEN /USDT chart on the 4-hour timeframe is setting up for a powerful movement as it forms a strong uptrend pattern. After a prolonged downtrend, the price has broken past its descending resistance line, signaling a potential shift in momentum. This breakout move, combined with a sustained consolidation around $7.26 to $7.43, suggests buyers are gearing up for a rally.
๐ Key Levels to Watch:
โข Immediate Support: $7.26 USDT โ This level is holding strong, acting as the foundation for the recent uptrend.
โข Primary Resistance: $8.20 USDT โ A breakout above this could spark a bullish rally, making it a critical level for traders.
๐ฏ Entry Strategy:
โข Long Entry: Enter around $7.43 USDT, with an eye on a potential move towards $8.20 USDT.
โข Short-Term Target: $7.80 USDT.
โข Long-Term Target: $8.20 USDT.
๐ผ Stop Loss Levels:
โข Short-Term Stop Loss: $7.20 USDT.
โข Long-Term Stop Loss: $7.00 USDT.
The setup is gearing towards a bullish trend, so watch for a breakout above $8.20 USDT to confirm a stronger move. With the market creating this uptrend pattern, traders should stay vigilant and manage entries carefully!
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