$DAM The two-hour level is way too hot.
Current price 0.0509 is seriously overheated.
The price deviation from the moving average system is exaggerated.
EMA144 is still at 0.0338.
This level of deviation usually indicates a short-term pullback is needed.
RSI has already peaked at 75.52.
🚨 This momentum entering the overbought zone is very risky.
Although volume has expanded by 7 times.
But chasing highs now is just catching the last wave.
Watch the support around 0.0338.
If it fails, guard against a price rise of 1.5%.
⚠️ Since the trend direction is still unclear for now.
There's no need to gamble for those profits at the high end of the range.
The bulls are currently feeling significant pressure.
📉 The price could revert to the moving average position at any time.
Keep an eye on whether 0.0509 can hold.
If it doesn't hold, we'll have to wait for it to hit the moving average.
If this level breaks, we'll reevaluate the logic.
#DAM #Crypto #Trading
⚠️ Technical analysis is for reference only and does not constitute investment advice
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