$ZAMA feels like a healthy correction after the intense oversold capitulation we’ve seen over the past weeks. Corrections like this are essential—they shake out weak hands, reduce extreme selling pressure, and allow the market to build a stronger base before the next move. I’m watching closely because this area around 0.030–0.032 is starting to show signs of buyers stepping in and defending the zone.

🟢 Trade Setup (Scalp Only)

Support Zone: 0.030–0.032 — this area has acted as a reaction level in previous dumps, showing that buyers are willing to accumulate here.

RSI: Extreme oversold — signals that the sell-off may be exhausted.

Open Interest: Rising with crowded shorts — a classic setup for a short squeeze if this zone holds.

Plan:

Entry: 0.032–0.033 — I’m watching for a clean rejection off the support before jumping in.

Target 1: 0.036 — first resistance where short-term profit-taking is likely.

Target 2: 0.038 — next level if momentum carries.

Stop-Loss: 0.0295 — below the support zone to avoid getting caught in deeper dumps.

💡 Why this zone is strong:

This 0.030–0.032 level has historical significance. Each time price touched here, it bounced or consolidated before moving up. The fact that RSI is extreme and shorts are crowded means that any bounce could be sharp. If this level holds, we could see a fast in-and-out scalp play, capitalizing on the short-covering pressure.

⚠️ Note:

This is a dead-cat bounce scenario—quick, aggressive moves are possible, but don’t hold for long. Fast entries and fast exits are key.

I’m watching this zone carefully—they’re building strength here, and if buyers keep defending it, we could see a sharp technical spike that rewards precise scalp trades.