🚀
$ZEN is showing a potential technical setup!
The weekly chart for ZEN/USDT is displaying a macro base and potential reversal structure forming above the 5.000 support level.
📈 The Technical Setup:
• The Pattern: Macro Base and Potential Reversal Structure
• Short-term Target: 12.500
• Macro Objective: 52.500
• Market Structure: Reversal / Accumulation
🎯 Key Levels to Watch:
• Support / Accumulation Zone: 5.000 - 6.000 range
• Resistance: 12.500 - 15.000
• Breakout Level: 10.000
• Stop Loss / Invalidation: 4.500
📊 Confirmation:
• Volume: Neutral/standard volume on weekly timeframe
• Momentum: Early signs of bullish momentum building from macro base
• Trend: Attempting a macro trend reversal following prolonged consolidation
⚠️ Invalidation:
A weekly close below the 4.500 support level would invalidate the bullish setup.
Patience is key as price tests the macro accumulation zone, waiting for confirmation above key resistance.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
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