$ZAMA on shaky ground as price action falters above key SMA25
With the recent bearish candle and overextended price, I think it's time to reassess the trend and consider a short position if the price holds below 0.0500.
Price overextended 20.7% above SMA25
Last candle bearish, indicating possible reversal
10-bar trend looking less robust
A daily close above 0.0570 negates this short setup
Are you thinking of shorting $ZAMA or do you think it's just a minor correction?
#MarketAnalysis
With the recent bearish candle and overextended price, I think it's time to reassess the trend and consider a short position if the price holds below 0.0500.
Price overextended 20.7% above SMA25
Last candle bearish, indicating possible reversal
10-bar trend looking less robust
A daily close above 0.0570 negates this short setup
Are you thinking of shorting $ZAMA or do you think it's just a minor correction?
#MarketAnalysis