【$DAMU Signal】1H Violent Surge Followed by Pullback, Sniping for a Second Breakthrough

$DAMU The 1H timeframe has just completed a surge of over 10%, currently consolidating strongly near the high of the volume spike candle. The 4H timeframe has confirmed a breakout of the previous consolidation zone, indicating a bullish trend. Although the 1H RSI has entered the overbought zone, open interest remains stable, and buy depth is accumulating below, showing that the main force has not exited. This is a typical strong consolidation pattern, building momentum for a second upward move.

🎯Direction: Long (Buy on Pullback)

⚡Entry/Order: 0.0328 - 0.0332 (This is the key support zone where the 1H EMA20 and volume spike candle median line intersect)

🛑Stop Loss: 0.0318

🚀Target 1: 0.0355

🚀Target 2: 0.0378

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price. If the price strongly breaks above the previous high of 0.0341, consider adding a small position on the pullback.

Order Book Logic: Over the past 4 hours, the price surged while open interest remained stable. This is not simply a short squeeze but resembles active accumulation by new bulls. Market depth shows heavy buy orders in the 0.0336 to 0.0330 range, forming a solid support wall. Although the 1H RSI is high, the price refuses to undergo a deep correction, characteristic of a strong market. Coupled with positive funding rates, market sentiment remains bullish, and a healthy pullback presents an excellent opportunity for a second entry.

View real-time market 👇 $DAMU

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