【See Increase】
ZAMA is currently quoted at 0.0512, up 8.27% over the past 24 hours. Its 7-day gain is 6.98%. The intraday range is 0.0456–0.0515, with a 13.0% amplitude.
【Market View】
In the recent 4-hour candlestick sequence, the focal point has been steadily rising, showing fairly clear signs of bulls controlling the market.
As long as 0.0456 is not lost, the current pullback counts as a strong consolidation.
During the same period, the broader market is only up +0.55%. With ZAMA up 8.27%, it has obtained excess returns.
Short-term bias is bullish.
【Bullish Rationale】
From 0.0456 pushing all the way to around 0.0512, the near-term focal point is still moving upward.
The structure above 0.0456 has not turned bad. 0.0515 is the next resistance level to break through.
A fast rise also means a fast pullback, so leaving a bit of room in position sizing feels more comfortable than going all-in.
If it holds above 0.0456, the next target is 0.0515. Falling below 0.0456 indicates the structure has broken down.
$ZAMA #ZAMA