$DAM Strong momentum exhaustion after a sharp rise

2026-02-12 10:47:05

$DAM Strong momentum exhaustion after a sharp rise, sellers begin to take control.
Go short on $DAM

Entry: 0.01710 – 0.01720

Stop loss: 0.01745

First target: 0.01597

Second target: 0.01465

As the price hits the key resistance zone, buying momentum is weak, showing clear signs of top fatigue. The narrowing volume increase indicates diminishing momentum. After touching the upper Bollinger Band, selling pressure starts to emerge. In this highly overbought state, liquidity becomes heavy. As long as sellers maintain pressure, a continued downward correction is expected.

Trade here $DAM 👇

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