🔻 $DAM USDT — Weak Structure, Breakdown in Play
Price is showing clear bearish pressure with lower highs and weak consolidation — sellers are taking control 📉
💡 What’s happening?
• Continuous rejection from MA(25) → trend turning bearish
• Lower highs formation → weak market structure
• Breakdown from consolidation zone
• Volume spike on red candles → selling pressure confirmed
📊 Key Levels:
• Resistance: 0.0542 – 0.0548
• Support: 0.0520 – 0.0516
⚡ Outlook:
As long as price stays below resistance, downside continuation is likely. Any bounce looks like a shorting opportunity.
🎯 Trade Idea:
• Short on pullback towards resistance
• Avoid longing in weak structure
📍 TP / SL:
• TP1: 0.0520
• TP2: 0.0510
• TP3: 0.0495
• SL: 0.0552
Trend is weak and sellers are active — patience on entries will give better risk-reward.
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