Will #ZENUSDT's Bullish Reversal Hold or Collapse?Yello, Paradisers! Is #ZENUSDT about to make a bullish reversal from a key support level? Let’s dive into the analysis.
💎#ZENUSD is showing a strong probability of a bullish continuation from a significant support zone. We've observed #ZEN consistently respecting the descending resistance. Recently, it broke upward and completed a retest phase. Currently, it’s respecting internal resistance at $9.87. If it successfully breaks above this level, there’s a high probability it will take a bullish ride to mitigate the above resistance.
💎The bullish probabilities are strong due to the formation of strong engulfing candles, the breakout of a strong descending resistance, and the creation of bullish momentum at key support levels.
💎However, as astute traders, we must consider all probabilities. What if the price fails to ascend from the support at $8.61 and loses momentum? This scenario would clearly indicate that seller sentiment is in control, and #ZEN could drop significantly.
💎Stay focused, patient, and disciplined, Paradisers.The next move is crucial, and we must be prepared for both outcomes. Always remember, consistent profitability comes from strategic trading and managing risks effectively.
Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
