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MyCryptoParadise_Simon
Mar 6, 2024 6:00 AM

ZEN/USDT Ready to Ride after a Price Reset? 👀🚀ZEN Analysis Long

Horizen / TetherUSBinance

Description

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💎Paradisers, let's take a moment to assess #ZENUSDT, which has been navigating through a descending channel, revealing dynamic market trends.

💎At this juncture, #Horizen is making strides towards the descending resistance, propelled from the demand zone. This sets the stage for a potential rebound from this zone, potentially initiating an upward trajectory, with sights set on the bearish Order Block (OB) as the upcoming milestone.

💎However, should LSE:ZEN not achieve the anticipated bounce and instead descends below the demand zone, we might witness a fallback to the Bullish OB region around the $9.52 mark, where it could rally for another upward attempt.

💎The Bullish OB zone has historically been a pivotal area for catalyzing significant market recoveries upon engagement. Yet, a failure of this zone, indicating a shift towards bearish trends, may lead to a continuation of bullish momentum from a diminished position.

💎In case #ZEN doesn't harness the momentum from this or any subsequent level, a persistent decline might ensue. Rest assured, Paradisers, your ParadiseTeam is vigilantly monitoring these shifts, ready to navigate you through these intricate market dynamics.

Trade closed: target reached

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Spot on again! #ZEN has climbed 60.25%!

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