With an RSI of 28.8, the $ZAMA chart is primed for a downturn.
$ZAMA - SHORT
Entry: 0.04717
SL: 0.05118
TP1: 0.04516
TP2: 0.04316
TP3: 0.04115
⚠️ Move SL to Breakeven once TP1 is hit !!!
The positioning of the EMA20 and EMA50 on the 1H chart suggests a bearish stance, as the price is currently below these key levels.
On the 1D chart, the price is trading above its EMA50, indicating a bullish bias - yet I'm taking a SHORT position, acknowledging the higher-risk nature of this trade given the 1D landscape.
Are you with me on this $ZAMA trade, or do you think I'm misreading the signs?
Click here to Trade 👇
$ZAMA - SHORT
Entry: 0.04717
SL: 0.05118
TP1: 0.04516
TP2: 0.04316
TP3: 0.04115
⚠️ Move SL to Breakeven once TP1 is hit !!!
The positioning of the EMA20 and EMA50 on the 1H chart suggests a bearish stance, as the price is currently below these key levels.
On the 1D chart, the price is trading above its EMA50, indicating a bullish bias - yet I'm taking a SHORT position, acknowledging the higher-risk nature of this trade given the 1D landscape.
Are you with me on this $ZAMA trade, or do you think I'm misreading the signs?
Click here to Trade 👇