【$DAMUSDT Signal】Pullback to go long, funds expected to short squeeze

$DAMUSDT 4-hour price has broken above the Bollinger upper band, with RSI surging to 83, showing short-term overbought conditions. The 1-hour timeframe repeatedly tests around 0.0535; buy-side depth is still acceptable, but the order wall above the 0.0537 to 0.0538 region is extremely thick, with heavy sell pressure like Mount Tai. The MACD on the 4-hour chart’s golden cross keeps widening, but the 1-hour candlestick histogram has started to contract, and momentum shows divergence. Liquidity is usually dry up in the early hours of the weekend, and the risk of chasing highs increases sharply.

🎯Direction: Pullback to go long

⚡Entry/Orders: Stage entries in the 0.0485 - 0.0498 range

🛑Stop loss: 0.0465

🚀Target 1: 0.0624

🚀Target 2: 0.0687

🛡️Trade management:
- Execution strategy: After the price touches the first target, reduce the position by half and move the stop loss of the remaining position up to the entry price. If the price cannot hold above 0.0510, consider exiting early.

Funding rates remain positive, open interest is stable, indicating that the longs are still paying fees to maintain their positions—there is short-squeeze fuel. The 1-hour EMA50 at 0.0466 forms a dynamic support, resonating with the 4-hour EMA20 at 0.0448 to create a convergence zone. Order book data shows a clear accumulation of buy orders below 0.0534, indicating an intention to prop up with funds. The current risk-reward ratio is above 4, so it’s worth using a relatively small risk to bet on another rally after a deep pullback.

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