1. Current Recommended Direction ZAMA faced selling pressure after listing on Binance and Coinbase, with the price briefly dipping to around 0.035. However, it has maintained this level, suggesting short-term pressure but no collapse. It is recommended to remain on the sidelines in the short term, waiting for the "sell-off to exhaust its strength" before considering any rebound opportunities. Blindly chasing highs or trying to buy the dips is not advised. 2. Position and Risk Management Recommendations: We suggest starting with a small position, paying close attention to whether the 0.035 support level holds. If it stabilizes, you can gradually add to your position. A stop-loss order is recommended below 0.033, and a take-profit order can be placed near the rebound resistance levels of 0.038 or 0.04. This is primarily a short-term trading strategy; heavy positions and locking in losses are not recommended to avoid being caught in a market crash. 3. Suitable for Trading Styles: This strategy is more suitable for aggressive short-term traders, taking advantage of the brief fluctuations caused by price increases to quickly enter and exit the market. It emphasizes that "a rebound is a window to escape," and advises against lingering in positions; wait for clear trend confirmation before considering medium-term positioning. Catalysts include listings on major exchanges and market manipulation to shake out weak hands.
ZAMA: Summary of discussions in Orange's muted chat group (Daily Market Analysis) (09:00:10 ~ 10:00:10)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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