🔥 $DAM is on fire right now, strongly Bullish (but short-term overheated)
*Volume exploded: 24h hit 787M, clear sign of heavy buying pressure. But the latest candle is a classic Doji at the top (open 0.01902, close 0.01909) — market’s looking indecisive, like it’s deciding whether to push higher or take profits
*Capital Flow: Mixed signals. Contracts are mostly net outflow (24h: -85k USDT), so pros are likely booking gains. Spot probably similar (data not fully visible). But in the last 5 minutes we saw +249k inflow— bulls still trying to defend the price.
*Price Action: $DAM Wild ride! From daily low 0.01653 to high 0.02469, that’s a 49.3% intraday range — volatility is insane!
*Key Levels to Watch:
- Resistance at 0.02416 and the 24h high 0.02469. Break above here and we could easily see 0.026–0.027.
- Support 0.01676 and the daily low 0.01653 — bulls need to hold these to keep the uptrend alive.
*My Trading View $DAM Cautiously Bullish – waiting for a pullback to enter.
That 37.98% pump in such a short time is unsustainable without some consolidation. Indicators are screaming overbought (BOLL %B high, KDJ J-value over the top), plus the contract outflows — a near-term dip feels very likely.
*Entry Timing:
- Safe Zone: Wait for a dip to 0.01850–0.01950 (around MA5 + mid-BOLL support — solid area).
- Aggressive: Break and close above 0.02470 with strong volume — then it’s continuation time.
- Stop-Loss: 0.01785 if entering at 0.0185
- Targets:
- Primary: 0.0260
- Secondary: 0.0275
DAMUSDT
Perp
0.02223
+32%
DAM is super volatile — be careful out there! I’m still bullish long-term, but short-term I’m waiting for a better entry. If you’re holding, just relax. If you’re tempted to FOMO, better wait for the dip.
#dam #DAMUSDT
#Reservoir