Technical Analysis: Zenith Bank PLC (ZENITHBANK)Zenith Bank PLCNSENG:ZENITHBANKForexClinikZenith Bank is currently undergoing a corrective phase following its all-time high (ATH) of N78.5. From a technical perspective, the asset is facing significant resistance at the N63 level, where the current downward trend converges with horizontal resistance. As a technical trader, my strategy focuses on the ascending trend line visible on the chart. Given the current struggle to break through overhead resistance, I anticipate a further retracement toward this ascending support to find a high-probability entry point. Proposed Entry Zones I have identified two primary entry zones based on psychological levels and historical support: • Primary Entry: N60.0 (Psychological Level) ◦ Risk/Reward (RR1): 1:2.6 • Secondary Entry: N58.6 (Trend Line Confluence) ◦ Risk/Reward (RR2): 1:3.4 • Stop Loss (SL): N52.8 Risk Management While active traders should strictly adhere to the stop-loss level of N52.8 to protect capital, long-term investors may choose a different risk profile based on their individual investment horizons. Please manage your positions with care and continue to refine your technical skills