ZEN/USDT Break out confirmed. Ready continue upward movement ?

9 nov 2023

💎 Paradisers, #ZENUSDT has undoubtedly seized the market's attention. Presently, ZEN has made a successful breakthrough of a significant volume in the key supply area. This has led to ZEN entering a retesting phase in the demand area, which was formerly a supply area. While there's a possibility of ZEN returning to retest the demand area, any retracement is subject to market dynamics.

💎 However, if #ZEN manages to avoid revisiting the demand zone, it's well-positioned for continued upward momentum and could probability reach our target area.

💎 On the flip side, in the event that ZEN fails to rebound from the demand level during the retesting at $11, there's a risk of ZEN breaching the demand and descending to the lower demand area around $9. In such a scenario, it becomes critical for ZEN to stage a successful rebound from the $11 level if it intends to persevere in its upward trajectory.

💎 Should #Horizen experience a retracement to the lower demand area and fail to exhibit a rebound, it heightens the likelihood of breaching the demand area. Such an occurrence signifies a bearish turn in momentum and raises the prospect of ZEN continuing its descent, potentially revisiting the key support area.