You’re looking at $ZAMA USDT (Perp) on the 15m timeframe, currently around 0.02380, up +18.29% on the day.
here’s the breakdown based on what’s visible:
📊 Short-Term View (15m)
Price is strongly up on the day (+18%)
24h high: 0.02459
Current price: 0.02380 (slightly below the high)
24h low: 0.01921
High volume (2.04B ZAMA traded)
That doesn’t look bearish yet — it looks like:
Strong bullish momentum
Possibly consolidating near the daily high
⚠️ When It Would Turn Bearish
It becomes short-term bearish if:
It rejects hard at 0.0245–0.025 resistance
Breaks below 0.0230 support
Especially if it loses 0.0220 area
Volume increases on red candles
After an 18% pump, a pullback is normal. The key question is:
Is it a healthy pullback?
Or a distribution top?
🧠 Important Context
After large intraday pumps:
Many traders take profit near daily highs
Perp pairs can experience aggressive long liquidations
Funding rates (not shown here) matter
📉 Bearish Scenario
If it fails to break 0.0246 and forms:
Lower highs
15m bearish divergence
Strong rejection wick
Then short-term downside toward:
0.0225
0.0210
Possibly 0.0192 (daily low retest)
📈 Bullish Continuation
If it breaks and holds above 0.0246:
Momentum continuation
Short squeeze potential
Next psychological level likely 0.026–0.028
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