⛏️ ZEN/USDT – Proof-of-Work Asset at MA60 Pivot
Spot Trading | Binance
📊 Current Stats:
Price: $9.999 (+3.02% today)
24h High/Low: 10.622 / 9.615
24h Volume (USDT): 15.18M
MA60: $9.965 (Immediate Pivot)
Category: Proof-of-Work (POW)
📈 Technical Context:
Price is hovering around MA60 – a decisive close above or below will set the near-term direction.
Volume is below MA(5) & MA(10), indicating weak momentum despite today's gain.
Mixed signals: short-term positive today (+0.92%), but 7-day EMA is negative (-19.41%).
🎯 Trading Setup (Two-Scenario Approach):
Scenario 1 – Breakout Long (if MA60 holds as support)
Entry: Above 10.050 (confirmed strength)
TP1: 10.300
TP2: 10.600
TP3: 11.000
SL: 9.750
Scenario 2 – Rejection Short (if MA60 acts as resistance)
Entry: Below 9.950 (break of MA60)
TP1: 9.600
TP2: 9.400
TP3: 9.200
SL: 10.150
⚠️ Risk Note:
POW coins can be less liquid and more volatile during low-volume periods.
Wait for a clear breakout with increasing volume before entering.
Not financial advice. Use strict stop losses and proper position sizing.