【$DYM Signal】Hold cash and wait - After short squeeze, wait for a healthy correction

$DYM After a single-day surge of 40%, it is currently consolidating strongly at high levels.

🎯 Direction: Hold cash

Market analysis: A massive bullish candle on the 4H chart (volume increased 70 times) from 0.039 to 0.063, which is a typical short squeeze initiation signal. The current funding rate is -0.0408%, open interest remains stable, and OI has not decreased with the price surge, indicating that shorts are still holding positions and the short squeeze risk persists.

Logical core: RSI at 77.47 indicates overbought conditions, but combined with negative funding rate and stable OI, this is a classic short squeeze pattern rather than a top. Depth data shows bid thickness far exceeds ask thickness, indicating strong buying support. Price has moved far away from EMA20 (0.0437), with a large short-term divergence, making chasing the high extremely risky.

Trading plan: Avoid chasing the high. Wait for a healthy correction, ideally in the Fibonacci retracement zone of 0.382-0.5 (0.0485 - 0.0460) or near the previous breakout structure's upper boundary at around 0.0450. This should be accompanied by decreasing volume and RSI retracing to 50-60. Currently, no high-probability model points are available, so hold cash and observe.

Trade here 👇 $DYM

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