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DYM's recent trend is quite interesting, currently oscillating horizontally at the position of 0.117. A few days ago, it pumped with higher trade volumes and then had a pullback, but it maintained the support line of MA99 at 0.1157, and it is also standing above MA25 (around 0.103), indicating that the short-term long positions are still in place.
What’s the next move? If we can achieve higher trade volumes to break through the range of 0.125 to 0.130, there’s a high probability it will continue to test the resistance levels at 0.150 or even 0.180. What if it falls below? First, we should look at the defense line at 0.115-0.117, where MA99 is providing support; if it really breaks that, we need to pay attention to the strong support at 0.103-0.100 (near MA25).
In terms of volume, after a noticeable increase, it has now slightly receded. Although the MACD is still above the zero line, the red bars are shortening. Overall, short-term long positions still have a chance to continue, so it is recommended to wait for a pullback confirmation, and then consider entering when accompanied by higher trade volumes. Don't rush to chase the highs.
We need to pay attention to the decrease in trading volume; a shortening of the red bars is a signal.
We still have to wait for a good position to enter, so we don't get trapped.