After a rapid surge, the upward momentum of $DYM has clearly slowed down. The price is hovering at high levels, but trading volume has sharply decreased, indicating a lack of buying interest to chase the rally. This is often a sign that the trend is about to correct or reverse. The current price is testing a key support level; once this level is broken, it is expected to trigger more technical selling, opening space for further decline.
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$DYM experiences a significant rally followed by consolidation at high levels, with signs of buying momentum weakening.
Go short on $DYM now
Entry: 0.0508 – 0.0512
Stop Loss: 0.0530
Target 1: 0.0475
Target 2: 0.0450
Target 3: 0.0415
After a rapid surge, the upward momentum of $DYM has clearly slowed down. The price is hovering at high levels, but trading volume has sharply decreased, indicating a lack of buying interest to chase the rally. This is often a sign that the trend is about to correct or reverse. The current price is testing a key support level; once this level is broken, it is expected to trigger more technical selling, opening space for further decline.
Trade $DYM signal here 👇