ZENUSDT trade ideas
ZENUSDT is testing 0.618 Fibonacci level The price had a nice breakout from the daily triangle and tested the 4h resistance. Now the price is testing 0.618 Fibonacci level. IF the price will have a breakout from 4h resistance, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
ZEN buying opportunityLike to support and follow for more content!
ZEN broke out and is currently retesting the broken level, it is in confluence with the 38.2% of the Fibonacci Retracement. It could go a little bit lower to the 112 major support area which is also the 50% of the Fib. Then we should expect a continuation to the upside, targets:
130
140
150
Support: 117
Resistance: 130
What do you think?
Good luck traders,
NajjarTrading
#ZEN - Breaking Out - LONG4 Hour Time Frame Analysis -
Entry - Current Price $120.53
Exit - $133
Stop Loss - $115.18
Leverage - 10 x
Risk to Reward - 3 to 1
After Breaking out of a big bull flag, Zen Has had further consolidation and formed a bullish falling wedge, which it has now broken out of and found support.
Zen is ready to start moving up again and I am long.
Nice 4 hour pin right on support on the break out as well, adding further confluence to the trade.
Best of luck and let me know your thoughts!