$ZAMA: Resistance Test Fails: Bearish Momentum Building Fast
SHORT SETUP ZAMA
Entry: $0.08630 - $0.08643
Stop Loss: $0.08950
Take Profit: $0.08009 (2R)
Key Levels: Support $0.07866 | Resistance $0.08706
Technical Analysis for $ZAMA: ZAMA is trading just under the 4hour resistance line while RSI 77 and Stochastic 92 flag overbought conditions. MACD histogram stays positive, giving a bearish edge, and the orderbook shows a -28% sell imbalance. A break above 0.08706 could flip bias. Watch for a close below 0.0860 to confirm the short setup.
Market Context: BTC slipped 0.34% in 24h, with the broader market showing a 68% red versus 32% green bias.
Will resistance cap a bounce, or can buyers reclaim it? Follow for more data-led market setups.
SHORT $ZAMA
SHORT SETUP ZAMA
Entry: $0.08630 - $0.08643
Stop Loss: $0.08950
Take Profit: $0.08009 (2R)
Key Levels: Support $0.07866 | Resistance $0.08706
Technical Analysis for $ZAMA: ZAMA is trading just under the 4hour resistance line while RSI 77 and Stochastic 92 flag overbought conditions. MACD histogram stays positive, giving a bearish edge, and the orderbook shows a -28% sell imbalance. A break above 0.08706 could flip bias. Watch for a close below 0.0860 to confirm the short setup.
Market Context: BTC slipped 0.34% in 24h, with the broader market showing a 68% red versus 32% green bias.
Will resistance cap a bounce, or can buyers reclaim it? Follow for more data-led market setups.
SHORT $ZAMA
