I fumbled $ZAMA by chasing the first bounce and refusing to cut it.
No excuses.
Now it’s $0.0637, down 7.38% today after another 8.6% slide in the last 4h. RSI is sitting at 32, but volume is only 0.3x the 20d average, so this doesn’t feel like real capitulation yet. 😬
The chart is still below both the 20d and 50d MAs, while shorts are paying funding at -0.011%. That’s ugly, but crowded shorts can get punished fast if $ETH catches a bid. ⚠️
At $0.06, I’d stop pretending weakness is strength and reassess instead of forcing another entry. I already learned that lesson once.
#ZAMA #Trading #Crypto
No excuses.
Now it’s $0.0637, down 7.38% today after another 8.6% slide in the last 4h. RSI is sitting at 32, but volume is only 0.3x the 20d average, so this doesn’t feel like real capitulation yet. 😬
The chart is still below both the 20d and 50d MAs, while shorts are paying funding at -0.011%. That’s ugly, but crowded shorts can get punished fast if $ETH catches a bid. ⚠️
At $0.06, I’d stop pretending weakness is strength and reassess instead of forcing another entry. I already learned that lesson once.
#ZAMA #Trading #Crypto