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【$DMC Signal】Short | Weak consolidation after volume breakdown
$DMC After experiencing a -26% volume-driven plunge in a single day, the price is consolidating weakly at a low level. The chart shows a typical downtrend continuation pattern, lacking effective buying absorption, with a lack of rebound strength.
🎯 Direction: Short (Short)
🎯 Entry: 0.000695 - 0.000710
🛑 Stop Loss: 0.000750 (Rigid Stop Loss)
🚀 Target 1: 0.000600
🚀 Target 2: 0.000520
$DMC After volume-driven plunge, the price is moving sideways within a narrow range at a low level. This is a weak consolidation dominated by bears, not a bottoming process. There are no signs of effective buy absorption or supply exhaustion on the chart, and the rebound highs are gradually decreasing, indicating persistent selling pressure. The current price is close to the intraday low, and any rebound into the entry zone is an opportunity for bears to add positions. Market sentiment favors shorting on rallies rather than bottom fishing.
Trade 👇 $DMC
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