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ZENUSDT trade ideas

ZENUSDT Elliott Waves (Local Setup)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: market and lower Target: 15 and 17.2 after first target reached move ur stop to breakeven Stop: ~10.7 (depending of ur risk). ALWAYS follow ur RM . RR: 1 to 4 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
Long
by trytofeelpositive
8
ZENUSDT is testing the 0618 Fibonacci level!ZENUSDT recently tested the 0.618 Fibonacci retracement level on the daily timeframe Breakouts from accumulation phases can be an excellent opportunity for traders to enter a position and potentially profit from a price increase. However, it's important to note that breakouts can be followed by retracements or consolidations, and it's essential to carefully monitor the market to determine if the trend is likely to continue or if a reversal may occur. Traders who follow Plancton's Rules may be waiting for a new breakout and retest of the resistance level as new support before considering a new long position in the market. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
4
ZENUSDT is not doneZEN sat there and consolidated below $11.00 for quite some time and tried repeatedly to break out. Your first sign should have been on the first two false breakouts. There's a single lesson to learn here: ** Tested levels get weaker each time ** Ok, now that you've learned that lesson, you are a professional, right? Nope. The market has a way to mess with your mind. The 3rd time we broke out it was higher than the previous two false breakouts. Only this time, we came back to that 11.00 area and it held. That's what is most important. ** The level needs to hold ** Where is the target for ZEN? Well, it's probably closer to $22. The $11 level has to continue to hold. Remember, you want 1000% but the market makers only want a double and they're happy. They'll get their 1000% by taking it from you repeatedly. For now, focus on the base hits. But lets be honest with ourselves. Is 100% really just a base hit? Well, in crypto it is. Cheers!
Long
by bitdoctor
ZENUSDT is testing the resistance!Resistance refers to a price level at which selling pressure is strong enough to prevent the price from rising further. The resistance levels can be dynamic, meaning they change over time, or static, meaning they remain at a certain price level. In the case of ZENUSDT, the market is currently testing the dynamic resistance inside an accumulation phase. The recent rejection from the daily resistance level suggests that the market may not yet be ready for a significant price increase. We are waiting for a potential breakout from the dynamic resistance, at which point they can apply Plancton's Rules to make informed trading decisions, so According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
9