**$DAM Short Entry Trade Setup 📉**
Based on the chart of **$DAM **, price has made a strong upward spike after breaking the 0.030 resistance zone. Such sharp pumps are often followed by short term profit taking, especially when price reaches a fresh resistance level. The latest candle shows an extended move above the range, which increases the chance of a pullback toward the previous breakout area before the next trend move.
**Short Entry Plan for $DAM **
Entry zone
0.0315 to 0.0325
Take profit targets
TP1 0.0304
TP2 0.0296
TP3 0.0288
Stop loss
0.0336
**Trade Reasoning 📊**
Price has moved quickly into a resistance zone after a breakout, and markets often retrace to retest support after such fast rallies. The previous breakout level near 0.030 may act as a magnet for price during a pullback. If price fails to hold above 0.0315 and shows rejection, a short move toward lower support levels becomes likely. If price keeps rising above 0.0336, the short setup becomes invalid. ⚠️📉
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