ZEN's recent rally is truly impressive—straight up from a low of $8.640 with strong momentum. The price surged to a new high of $10.247, then pulled back and stabilized around $9.954, up 13.20% daily, indicating that big players have been accumulating at the bottom for a while and are now starting to exert force. 24-hour trading volume exceeded 66.55 million USDT, with over 7.14 million in volume accompanying the entire rally. The sharp increase in trading volume essentially confirms that this is not a false move; real money is entering the market.
How should one operate at this level? My advice is—don't chase the high. Wait for a pullback to the $9.50-$9.80 range, and enter with a small position for more peace of mind, especially if you position near recent support levels for greater stability. If setting targets, first aim for $10.00, then $10.25. If it can break the previous high, continuing to $10.50 is not a dream. Set stop-loss at $9.30; once it falls below this line, the short-term upward momentum is likely to reverse.
Looking at the overall cycle data: 7-day gain of 9.83%, 30-day gain of 15.61%, which shows that the medium-term bullish trend is still intact. Although the long-term data—down 22.77% over 90 days and down 57.57% over a year—looks frightening, the short-term trend is very clear now. Holding the $9.30 support line, the bulls still have a chance. Short sellers entering now are purely giving away their positions; in the face of such violent upward movement, contrarian trading only leads to being crushed. For long positions, patience is key—wait for a lower entry point to position yourself, so you can steadily enjoy the benefits of this rally. Also, don't forget to control your position size and leave room for risk management.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
3
Repost
Share
Comment
0/400
digital_archaeologist
· 10h ago
Damn, this wave of ZEN is really wild. Big players have been lurking for this moment for a long time.
It's the usual pattern of others bottoming out while I chase the high. I've learned my lesson this time—wait for a pullback before acting.
The $9.30 support level is crucial. If it breaks, I have to admit defeat; otherwise, I might get crushed and doubt my life choices.
The trading volume is so strong that I feel there's still hope. Short-term bulls are indeed energetic.
However, the long-term data looks so bleak that I only dare to play with small positions. The risk is too high.
Looking at this trend, I kind of regret not bottoming out at $8.6, but greed is a common flaw among retail investors.
Getting in between $9.50 and $9.80 is definitely safer. I'll follow the plan this time.
If it breaks $10.50, we can really boast a bit. But let's not think too far ahead—just hold the $9.30 support for now.
View OriginalReply0
ContractSurrender
· 10h ago
It's broken again and got smashed back down. This time, someone is really lurking at the bottom.
$9.50 is a safe entry point; chasing higher now just makes you the bag holder.
I'm optimistic about $10.25, but don't be greedy. If $9.30 breaks, just run.
With such strong volume, the bulls can indeed hold in the short term.
Shorting now is just asking for death; this wave is too fierce.
Wait for a pullback to add small positions, don't panic and chase; stability is the key.
Short-term outlook is good, but these long-term data are really scary. Better to control the risk.
Real money entering the market makes a difference; the fake surge has long been beaten back to its original form.
I'm just waiting for $9.50 to make a move, small position, steady and sure.
View OriginalReply0
BearMarketHustler
· 10h ago
Damn, ZEN this wave is really intense. Big players who bought the dip at the bottom are now starting to show their muscles.
Those chasing the high will have to kneel. I'm waiting to enter at $9.50, very confident.
Short sellers are truly brave. With such a violent surge, do you still dare to go against the trend? You're just sending your head.
Short-term bulls are fine, but don't be greedy. Take profits at $10.25 when it's good, and stop-loss must be firm.
The trading volume is so strong that it's real gold and silver entering the market—nothing fake about it.
Looking at the data, it's up over 10% in 7 days. There’s still hope in the medium term. Don’t be scared by long-term data.
When it drops below $9.30, I should reflect on my trading plan.
Position size must be strictly controlled, or no matter how crazy this market gets, you'll still get slapped.
ZEN's recent rally is truly impressive—straight up from a low of $8.640 with strong momentum. The price surged to a new high of $10.247, then pulled back and stabilized around $9.954, up 13.20% daily, indicating that big players have been accumulating at the bottom for a while and are now starting to exert force. 24-hour trading volume exceeded 66.55 million USDT, with over 7.14 million in volume accompanying the entire rally. The sharp increase in trading volume essentially confirms that this is not a false move; real money is entering the market.
How should one operate at this level? My advice is—don't chase the high. Wait for a pullback to the $9.50-$9.80 range, and enter with a small position for more peace of mind, especially if you position near recent support levels for greater stability. If setting targets, first aim for $10.00, then $10.25. If it can break the previous high, continuing to $10.50 is not a dream. Set stop-loss at $9.30; once it falls below this line, the short-term upward momentum is likely to reverse.
Looking at the overall cycle data: 7-day gain of 9.83%, 30-day gain of 15.61%, which shows that the medium-term bullish trend is still intact. Although the long-term data—down 22.77% over 90 days and down 57.57% over a year—looks frightening, the short-term trend is very clear now. Holding the $9.30 support line, the bulls still have a chance. Short sellers entering now are purely giving away their positions; in the face of such violent upward movement, contrarian trading only leads to being crushed. For long positions, patience is key—wait for a lower entry point to position yourself, so you can steadily enjoy the benefits of this rally. Also, don't forget to control your position size and leave room for risk management.