$ZEN +3.1% is showing strength against BTC, while the 4H structure continues to support the bullish case.
My bias remains bullish on the 1H. ZEN is printing higher highs and higher lows on both 1H and daily, with the structure still aligned with BTC. The weekly bearish backdrop remains a higher-timeframe drag, but the 4H ZEN/BTC higher-low versus the USDT lower-low adds another layer of relative strength.
I’m watching 8.087 first, followed by the 8.195–8.238 liquidity zone around the previous swing high. A clean breakout and hold could open the way toward 8.543.
Preferred entry: 7.75–7.89 reclaim and hold after a sweep of the 7.632–7.541 demand zone.
Alternative continuation entry: A clean 1H close above 8.00, followed by confirmation.
With volume only around 0.18x, I don’t want to chase a blind breakout. I’m looking for a bullish engulfing candle, pin bar, or lower-timeframe MSS before adding risk.
Take-profit levels: TP1: 8.087 TP2: 8.195–8.238 TP3: 8.543
Market flow also supports the continuation setup: OI: $11.5M (+23.5% 24H) Funding: +0.0100% Taker ratio: 1.15x Top traders remain net long.
The slightly positive funding means I’m staying patient rather than chasing.
Invalidation: A 1H close below 7.632 would break the current bullish structure and invalidate this long bias.
Not investment advice. Educational report only.
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