🚀 TRADE SIGNAL: $DAM US/USDT (Perpetual)
The chart shows $DAM USDT gaining momentum with a +7.91% increase today. After a strong 7-day rally of 28.27%, the price is currently consolidating near the resistance zone. If we break the recent high, we could see a quick scalp to the upside.
📊 Technical Setup
Trend: Short-term Bullish / Mid-term Recovery.
Pattern: Consolidating near the 0.02482 level after a local peak.
Volatility: Moderate, with steady support forming at 0.02400.
⚡ Trading Plan (Scalp/Intraday)
Entry Price: 0.02480 - 0.02485 (Current Market Price or on a small dip).
Take Profit 1 (TP1): 0.02530 (Testing the 24h High).
Take Profit 2 (TP2): 0.02580 (Breakout Target).
Stop Loss (SL): 0.02390 (Below the recent support level to manage risk).
⚠️ Risk Management
Leverage: Recommended 3x - 5x (Keep it low, DAM USDT can be volatile).
Sentiment: The order book shows 54.94% Shorts, which could lead to a "Short Squeeze" if the price breaks upward!
Are you Bullish on $DAM USDT? Let me know your targets in the comments! 👇
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