Technical Analysis: $ZAMA /USDT
Current Market Context
Sellers are reasserting control as the price fails to sustain its recent bounce, indicating renewed structural weakness on lower timeframes.
Trade Plan
· Entry Zone: $0.02720 – $0.02780
· Stop-Loss: $0.02890
· Take-Profit Levels:
· TP1: $0.02640
· TP2: $0.02560
· TP3: $0.02480
Rationale
Following a recent decline, $ZAMA exhibited a weak recovery that failed to maintain levels above the $0.028 zone on the 15 min chart. Price has now retreated below the prior support area, which has since converted into resistance. The formation of lower highs, combined with persistent selling pressure, suggests ongoing distribution. Momentum remains skewed to the downside as long as price trades beneath the reclaimed resistance level.
Outlook Question:
Will ZAMA break lower from the current structure, or attempt another bounce before continuing its downward trajectory?
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