$DAM Stop blindly expecting bullish moves—hidden risks have long been lurking on the chart!

It looks like sideways consolidation that calms people’s nerves, but the underlying problems never stop: funding rates have stayed at high levels for a long time, with positive funding—this is nothing more than bullish traders forcing money to prop up the price. On top of that, the project data is vague and unclear, and there’s a potential expectation that platforms may remove related trading—at this stage, this kind of sideways move, in essence, is deliberately stabilizing sentiment while slowly offloading in batches.

The position data seems to favor the bulls and the chip gap looks not that big, but throughout there’s been no fresh capital coming in to take the baton—it's purely relying on existing funds to stubbornly hold on. This is a game of depletion. Bullish strength will eventually run out; once the main players finish unloading, a deeper pullback can happen at any time.

Mark the key zones right now: support below is at 0.045, and overhead resistance is firmly capped at the prior high. In the short term, the market is highly likely to follow this script: first surge high to use spikes to clear out short positions, then create a strong false breakout to lure in buyers, and afterward reverse to smash the price and pull back.

Overall trading mindset: absolutely don’t chase highs, and don’t get involved in false breakouts. Wait patiently for signals that the market is weakening. Pay special attention to one detail: earlier there were restrictions on buying, but now the permissions suddenly get opened—this is absolutely not a good sign. It’s more about deliberately controlling the pace to attract retail traders to jump in and take the bag.

In the crypto market, never just fantasize about how much it will rise. First, avoid risks and don’t become the last person holding the bag.
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