$ZAMA is losing its potential and pulling back into a bearish setup...
$ZAMA — SHORT
TP: 0.0410
Stoploss: 0.0480
Why this setup?
Because $ZAMA is drifting lower after failing to maintain its sharp advance beyond the resistance near the 0.0469 high. Reviewing the indicators, the MACD shows momentum starting to slow down, while the RSI(6) at 73.45 indicates the price is cooling off after reaching a peak. With sellers stepping back in to take control, a continuation downward is anticipated.
Trade here ⬇️
$ZAMA — SHORT
TP: 0.0410
Stoploss: 0.0480
Why this setup?
Because $ZAMA is drifting lower after failing to maintain its sharp advance beyond the resistance near the 0.0469 high. Reviewing the indicators, the MACD shows momentum starting to slow down, while the RSI(6) at 73.45 indicates the price is cooling off after reaching a peak. With sellers stepping back in to take control, a continuation downward is anticipated.
Trade here ⬇️