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DYM this wave of operations is quite interesting—after a violent surge, it's now beginning to test patience.
Let's look at the chart: the current price is around $0.14, trapped between the 25-hour moving average (0.129) and the 99-hour moving average (0.091), taking a breather. But the problem is that the 7-hour moving average (0.152) has already been broken. This is a typical pattern of a quick rise followed by a pullback. After a volume-driven surge, it enters a digestion phase, which is the most testing period for holding positions.
Looking upward, $0.15 is the first hurdle; only after surpassing it can we look forward to the previous high zone of 0.18-0.22. But what we need to worry about more now is what's beneath—holding the range of 0.12 to 0.13 is crucial. This is a defensive line formed by the confluence of the 25-hour moving average and recent support levels. What if it slips? Then we need to prepare for the test around 0.09, which is the baseline position of the 99-hour moving average.
Both volume and indicators are cooling off. Trading volume has shifted from frantic at the start to now sluggish, and the MACD histogram is turning negative and continuing to narrow. The short-term momentum is clearly waning. In this state, chasing higher carries significantly more risk than opportunity.
What to do? Be honest and control your position. Either wait for it to pull back to 0.12-0.13, stabilize with volume, and then consider entering, or wait for a breakout above the 7-hour moving average with confirming volume. At this position, neither side is ideal; observing is more rational than rushing in.