Fans asked this afternoon whether $ZEN can still be bought, and I simply said there's no rush. Looking at the RSI indicator, it has already surged to 90, and entering at this point carries too much risk.
Within less than two hours, I saw large funds start to sell off疯狂. You all know that the privacy coin story is indeed hot, and the MACD is also volume-breaking, which sounds very tempting. But what is the reality? The upper band of the Bollinger Bands has been broken. I have seen too many such patterns over the years, and nine out of ten times, they are trap setups.
From a technical perspective, ZEN is actually not bad. The EMA is in a tidy bullish arrangement, and the medium to long-term trend is solid. However, the current price feels like dancing on the edge of a knife—any slight disturbance could cause a fall.
My advice is to wait for a pullback to the support zone of 8.65-9.16 before considering. If it really breaks below 8.39, just cut losses immediately—don’t fight it. ZEN is now at 10.46, and honestly, it’s just a gamble. If you insist on chasing, your position must be tightly controlled—don’t get trapped yourself.
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Fans asked this afternoon whether $ZEN can still be bought, and I simply said there's no rush. Looking at the RSI indicator, it has already surged to 90, and entering at this point carries too much risk.
Within less than two hours, I saw large funds start to sell off疯狂. You all know that the privacy coin story is indeed hot, and the MACD is also volume-breaking, which sounds very tempting. But what is the reality? The upper band of the Bollinger Bands has been broken. I have seen too many such patterns over the years, and nine out of ten times, they are trap setups.
From a technical perspective, ZEN is actually not bad. The EMA is in a tidy bullish arrangement, and the medium to long-term trend is solid. However, the current price feels like dancing on the edge of a knife—any slight disturbance could cause a fall.
My advice is to wait for a pullback to the support zone of 8.65-9.16 before considering. If it really breaks below 8.39, just cut losses immediately—don’t fight it. ZEN is now at 10.46, and honestly, it’s just a gamble. If you insist on chasing, your position must be tightly controlled—don’t get trapped yourself.