sell
Short ZENUSDT at $10 with Target of $9.4 Amid Declining Trend
A short position is recommended on #ZENUSDT, entering at $10 with a stop loss set at $10.5. The hourly timeframe indicates a recent downward trend persisting over several days, with ongoing support via nearby liquidity as prices decline. Trading volumes have noticeably diminished, and buyer activity remains subdued.
A descending trendline and a cascade of lows are forming. Watching for a potential breach of these lows, the expectation is for the continuation of the decline towards the target level of $9.4, which coincides with a notable imbalance on the daily chart.
Subscribe to the community for updates. The analysis includes attention to the trendline break and the ongoing bearish momentum, supporting the short thesis.
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AI Analysis
The current technical setup for ZENUSDT indicates a clear bearish outlook on the 1-hour timeframe. The formation of a descending trendline and multiple lows suggests a sustained downtrend, reinforced ...
AI Recommendation
Given the technical evidence, it is advisable to maintain a short position on ZENUSDT, with the stop loss at $10.5 to limit downside risk. Monitoring the price action around the lows and the trendline...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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