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$DAM The market structure has already weakened, and it is not advisable to continue holding long positions.
Why, listen to Old K's opinion:
The current sideways movement is not effective support, but is artificially maintained by the funding rate of funds holding high positions for a long time. The positive funding rate continuously consumes long capital, and key project data is missing, posing a potential delisting risk. In this situation, the sideways trend is essentially a stabilization sentiment and a phased reduction of positions.
Although the position data appears to favor the longs on the surface, it lacks new liquidity support, making it a typical stockpile game. The marginal strength of the longs is decreasing, and once the main force completes reducing their positions, a deep correction may be triggered at any time.
Key support below the critical zone is at 0.045
Strong resistance above is at 0.081.
Old K recommends not chasing highs, not participating in false breakouts, and patiently waiting for a confirmation of weakening signals.
Market judgment is never about betting on the direction, but about identifying risk-reward ratios.
At this stage, don’t be the last one to take the plunge.