Trading Plan Long $ZAMA
$ZAMA just swept the 0.04791 low, tapping into the lower Bollinger Band.
Entry: $0.04760-$0.04850
Stoploss: $0.04650
Targets: $0.04940 / $0.05150 / $0.05450
ZAMA printed a clean spring off the 0.0476 support after the 1H price dumped into the lower BB. Retail is heavily short, indicated by the 0.47 L/S ratio, setting up a good squeeze. Top traders are long, suggesting smart money is accumulating here. A reclaim of 0.04850 would confirm the deviation. Lose $0.04650, and the accumulation thesis is broken.
#BinanceSquareTalks
Trade $ZAMA here👇
$ZAMA just swept the 0.04791 low, tapping into the lower Bollinger Band.
Entry: $0.04760-$0.04850
Stoploss: $0.04650
Targets: $0.04940 / $0.05150 / $0.05450
ZAMA printed a clean spring off the 0.0476 support after the 1H price dumped into the lower BB. Retail is heavily short, indicated by the 0.47 L/S ratio, setting up a good squeeze. Top traders are long, suggesting smart money is accumulating here. A reclaim of 0.04850 would confirm the deviation. Lose $0.04650, and the accumulation thesis is broken.
#BinanceSquareTalks
Trade $ZAMA here👇