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【$DAMUSDT Signal】Pullback to go long, main force clearly intends to support
$DAMUSDT The 4-hour level price has already broken above the upper Bollinger Band, RSI has soared to 75, indicating short-term overbought. But on the 1-hour level, buy order depth is substantial, with a thick order wall around 0.0338, fully exposing the capital support intention. Open interest remains stable, and the fee rate is healthy. This rally is backed by genuine funds.
🎯Direction: Pullback to go long
⚡Entry: Layered positions around 0.0321 - 0.0325
🛑Stop-loss: 0.0305
🚀Target 1: 0.0383
🚀Target 2: 0.0414
🛡️Trade management:
- Execution strategy: After reaching the first target, reduce half of the position, and move the remaining stop-loss up to the entry price. If the price cannot hold above 0.0339 and quickly falls back, exit early.
The 1-hour MACD momentum bars are starting to contract, which is a healthy pullback signal, not a trend reversal. Market data shows a mountain of buy orders from 0.0338 to 0.0339, with selling pressure quickly absorbed. The 4-hour level has broken through a week-long trading range upper boundary, and open interest has not decreased with the price pullback, indicating stable long positions. The current risk-reward ratio exceeds 4, making it worthwhile to use a small stop-loss to bet on trend continuation.
Check real-time market 👇 $DAMUSDT
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