$DAM — Clean Trendline Breakout, Momentum Igniting for Continuation
Long $DAM
• Entry: 0.0168 – 0.0174
• Stop Loss: 0.0156
Targets:
• TP1: 0.0190
• TP2: 0.0210
• TP3: 0.0230
📊 Technical Overview:
$DAM has confirmed a decisive breakout above its descending trendline resistance, signaling a shift from consolidation to expansion. The move is supported by strong bullish candle bodies and rising volume, indicating aggressive buyer participation rather than a weak liquidity spike.
Price is currently trading above previous intraday resistance, turning that level into short-term support. The structure now shows higher highs and higher lows forming, which strengthens the bullish continuation thesis.
Momentum remains elevated, and if price holds above the 0.0165–0.0168 support pocket, continuation toward the 0.019 liquidity zone is highly probable. A sustained breakout above TP1 could open the door for acceleration toward 0.021 and potentially 0.023 where the next major supply cluster sits.
This is a breakout-continuation setup — manage leverage wisely (especially on 5x), secure partial profits on strength, and trail stop once TP1 is secured.
Stay disciplined. 📈
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