【$DAMU Signal】Long! 1H breakout and retest confirmed, capital support clearly evident

$DAMU The 1H timeframe is strongly consolidating above the EMA20 (0.0211), recently closing with a volume-driven bullish candle, confirming an attempt to break through the previous high at 0.0221. The 4H timeframe has already stabilized above the EMA20 (0.0200), forming an upward relay structure, and the bullish trend is strengthening. Although the 1H RSI (65.54) is somewhat high, open interest remains stable and buying depth is substantial, indicating that major funds are still in the market. The pullback presents an opportunity.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0218 - 0.0220 (Reason: 1H EMA20 support zone & retest confirmation after breakout)

🛑Stop Loss: 0.0212 (Reason: Break below 1H EMA50 support & previous 4H candle low)

🚀Target 1: 0.0230 (Reason: Previous high resistance zone & 1.272 Fibonacci extension)

🚀Target 2: 0.0240 (Reason: 1.618 Fibonacci extension & psychological round number)

🛡️Trade Management:

- Position size suggestion: Light position (Reason: Hot coins are highly volatile, strict risk control needed)

- Execution strategy: When price reaches 0.0230, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.0218. If the price strongly breaks through 0.0230 and stabilizes, consider trailing the remaining position to hold for the second target.

Depth logic: Market data shows a large accumulation of buy orders (around 0.0218-0.0219), forming a support wall. Three consecutive bullish candles on the 4H chart with increasing buy volume and stable open interest indicate that this is not purely short covering but new long funds are entering. During the morning correction on the 1H chart, the price never effectively broke below 0.0214, showing strong support below. The current strategy is to target a secondary rally after a retest confirmation.

View real-time market 👇 $DAMU

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