DIRECTION: LONG | FEATURE: $DRAM
ENTRY: NOW
TP1: 81.8163
TP2: 83.4844
TP3: 85.5496
SL: 77.2091
DRAM is showing cleaner bid support than most names on the current futures board.
Price is 79.4333 with +13.31% over 24 hours and +13.36% on the last hour. Open interest is 1031506.74 and changed +0.53%, while funding at +0.05% is still manageable. Support is 69.4500 and resistance is 79.8304.
Long/short at 4.57x keeps squeeze risk alive if the bid keeps absorbing supply. If resistance breaks, forced covering can extend the move.
The clean read is continuation while support keeps holding and the same liquidity pocket keeps getting defended. That is the kind of setup that can catch traders who wait too long for a deeper dip.
The next 24 hours matter because buyers have to prove this is real absorption, not just a fast bounce. If they do, the next leg can run harder than most traders expect.
#DRAM #OIExpansion #Desk04