🔻 $DYM Losing Steam – Are the Bears Taking Over? 🔻
After a strong rally, DYM is starting to show signs of exhaustion. With lower highs forming and key support levels breaking down, the bears could be gearing up for a deeper move lower.
📉 Short Trade Setup:
🔻 Entry: $0.399 (Bearish confirmation)
🎯 Targets:
✅ $0.3750 – Psychological support level
✅ $0.3500 – Key demand zone
✅ $0.3250 – Major breakdown support
🛑 Stop Loss: $0.4250 (Above resistance, to protect downside risk)
📌 Key Levels to Watch:
🔹 Resistance: $0.4500 – Strong rejection zone
🔹 Support Zones:
$0.3750 – Initial pullback level
$0.3500 – Next major demand zone
$0.3250 – Breakdown confirmation
📊 What’s Happening with DYM?
The price action is flashing distribution signals, with weaker bounces and increasing sell pressure. If $DYM breaks below $0.3900, bearish momentum could accelerate, leading to a potential trend reversal.
⚠️ Smart Risk Management:
🔹 Risk-Reward Ratio: 1:2+ for optimal trade setup.
🔹 Position Sizing: Risk only 1-2% per trade to stay in control.
🔹 Trailing Stop: Move SL to breakeven if price drops below $0.3750 to lock in profits.
💡 Pro Tip: If $DYM makes a weak retest of $0.4100 and fails to break higher, it could be the perfect short confirmation!
🔥 Are the bears about to take full control? Keep an eye on this setup and trade smart! 📉🔻
