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【$DAMUSDT Signal】Pullback to buy, main force's bottom support is clear
$DAMUSDT 4H level volume breakout above Bollinger upper band, price has detached from the moving average cluster, 1H RSI surged to 78, indicating short-term overbought. Buying orders are stacking around 0.0339, but the resistance wall above starts densely from 0.0341.
🎯Direction: Pullback to go long
⚡Entry/Order: Accumulate around 0.0310 - 0.0318
🛑Stop loss: 0.0303
🚀Target 1: 0.0376
🚀Target 2: 0.0405
🛡️Trade management:
- Execution strategy: After reaching the first target, take half of the position profit, and move the stop loss of the remaining position up to the entry price. If the price cannot hold above 0.0335, consider exiting early.
Position size remains stable, no large-scale exits during price rally, indicating strong willingness to lock funds. Although the 1-hour MACD fast and slow lines are high, the histogram remains positive, suggesting bullish momentum is still intact. The order book shows that buy orders below 0.0339 far exceed sell orders, indicating clear support from funds. This sideways movement after the rally seems more like digesting floating positions rather than distribution, with a risk-reward ratio over 4:1, making it worthwhile to use a smaller stop loss to continue the trend.
Check real-time market 👇 $DAMUSDT
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