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$DYM encounters strong selling pressure after a rally, with upward momentum exhausted.
Go short on $DYM now
Entry: 0.0460 – 0.0466
Stop loss: 0.0488
First target: 0.0440
Second target: 0.0426
Third target: 0.0410
The previous rebound momentum failed to sustain, and buyers appeared powerless after hitting the recent high. The MACD has formed a death cross, and there are clear signs of capital outflow, indicating that selling pressure is building. The price is consolidating with decreasing volume below a key resistance level, and this volume-less resistance is usually easy to break through. As long as sellers remain proactive, the market is likely to continue downward to test lower support levels.
Trade $DYM 👇 here