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【$DAM Signal】Pullback to add longs + Extremely high fee squeeze
$DAM 1H RSI surges to 76, buying pressure shows signs of pause around 0.0289. Funding rate is 0.2077%, short positions are very costly, usually indicating a short squeeze risk. 4H MACD histogram is still expanding, trend remains intact. But the current risk-reward ratio is not ideal, with little room for chasing longs.
🎯Direction: Watchful (Place orders on pullback to add longs)
⚡Entry/Order: 0.02595 (Support zone below)
🛑Stop loss: 0.02574
🚀Target 1: 0.02897
🚀Target 2: 0.02909
🛡️Trade management: After reaching Target 1, reduce position by 50%, move stop loss up to 0.0265. Remaining position targets Target 2. Exit unconditionally if price falls below 0.02574.
Depth logic: 1H buy order depth is relatively weak (Bid/Ask 0.90), but 4H volume is increasing (the last 4H candle volume is nearly 200 million), indicating fierce battle between bulls and bears. In a high fee environment, holding overnight is costly, suitable for quick in and out.
Check real-time market 👇 $DAM
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