๐ฅ $DAM Recently performing strongly, currently looking bullish (slightly overbought in the short term)
Volume explosion: 24-hour trading volume reached 787 million, indicating a significant influx of buying. However, the latest candlestick is a typical doji (open 0.01902, close 0.01909) โ the market seems hesitant in the short term, whether to continue pushing up or to take profits.
Capital flow: Mixed signals. Overall net outflow of contracts (24 hours: -85,000 USDT), suggesting institutions or some investors are taking profits. The spot situation is similar (data incomplete). However, there was an inflow of +249,000 USDT in the past 5 minutes โ bulls are still actively defending the price.
Price trend: $DAM is highly volatile! From a daily low of 0.01653 to a high of 0.02469, with a daily amplitude of 49.3% โ the volatility is very high!
Key focus points:
Resistance levels: R3 0.02416 and daily high of 0.02469. After breaking through, it may directly look at 0.026โ0.027.
Support levels: S1 0.01676 and daily low of 0.01653 โ bulls need to hold these positions to maintain an upward trend.
Trading view: Cautiously bullish on $DAM โ waiting for a pullback to re-enter. A 37.98% increase in a short time is difficult to sustain, indicators show overbought (BOLL %B high, KDJ J value near the top), combined with contract capital outflow, a slight short-term pullback is likely.
Entry suggestion:
Safe zone: Pull back to 0.01850โ0.01950 (close to MA5 + BOLL middle track support, relatively safe).
Aggressive strategy: If it breaks and closes above 0.02470 with increased volume, it is expected to continue rising.
Stop loss: If the entry price is 0.0185, set the stop loss at 0.01785
Targets:
Primary target: 0.0260
Secondary target: 0.0275
$DAMUSDT perpetual contract
Current price 0.02226, up 32.02%
$DAM is very volatile โ operations need to be cautious! Long-term outlook remains positive, but in the short term, I prefer to wait for a pullback. If you already hold positions, maintain patience; if you're impulsively thinking of chasing highs, it's advisable to wait for a pullback opportunity.
