$DAM is showing a clear downward break structure after a decline of -18% on increased volume. The price drop is accompanied by high open interest, indicating market logic suggests a potential long liquidation or selling pressure from major players.
🎯 Direction: Short
🎯 Entry: 0.0200 - 0.0205
🛑 Stop Loss: 0.0215 (rigid stop loss)
🚀 Target 1: 0.0180
🚀 Target 2: 0.0160
$DAM 's price action indicates selling pressure dominates, with the -18% decline confirmed by a trading volume of 1.67M. The high open interest (66.87 million) has not decreased during the drop, suggesting this is not merely a profit-taking scenario, but rather new short forces entering or a chain reaction of passive liquidations. The market lacks effective buying absorption, LTF rebounds are weak, and prices are operating below key support, with minimal resistance in the downward path.
Trade here 👇$DAM
DAMUSDT
Perp
0.0177
-2.26%
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