ZAMA's recent performance has indeed been a bit frustrating — gains lack momentum, and declines show no breakthrough either. This kind of oscillating consolidation pattern is all too familiar, a typical market maker wash-out technique. Following the usual rhythm, there's likely to be another wave downward later, and then comes the opportunity for a rally.

From a trading perspective, there are two approaches to consider: one is to wait for the next wave of selling before entering, which keeps risk relatively controllable; the other is to set up a small long position at the current level, but be sure to place stop-loss orders above it, so that even if you get caught in a drawdown, the damage is limited.

As for short positions, my suggestion is to avoid them if possible. The downward space is already quite limited, and it's better to bet on an upward move instead — after all, from a probability standpoint, the chance of a significant further decline is far lower than a rebound upward. Waiting for clearer breakout signals is much more reliable than blind counter-trend trading.