$ZEN ‌ 1H 📊

ZEN has clearly lost its short-term bullish structure here. After rejecting $5.855, the price kept printing lower highs and has now slipped below the $5.40 support area.

The Supertrend is also red at $5.674, so for now I’d favor a short setup rather than trying to catch the drop.

Short Setup

Entry: $5.40–$5.48

SL: $5.62

TP1: $5.23

TP2: $5.10

TP3: $4.95

What I’m watching 👀

The key zone is $5.40–$5.48. If ZEN retests this broken support and gets rejected, that would give a much cleaner short entry.

The first downside level is $5.23, followed by the previous swing low around $5.10. If the selling pressure continues, $4.95 becomes the next area to watch.

For the bearish setup to weaken, ZEN would need to reclaim $5.55+, with the bigger invalidation around the $5.67 Supertrend.

Clean play: don’t chase the red candles. Let ZEN retest the broken $5.40 area, watch for rejection, then take the setup.

Right now the chart is bearish short term, and the retest is the part I’d be most interested in.

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$SNDK ‌