Technical analysis by Punkd about Symbol DMAIL: Sell recommendation (8/26/2024)

DMAIL/USDT has had quite a run up in the past few days, up almost 100% in the last 4-5 days.Supporting ideas:1. Very steep price action, needs to cool on higher timeframes.2. Massively declining volume, almost looks inverse price action.3. Shooting star on the 4H to indicate a reversal.Let's see how this goes, I think we will see price tap 0.618 or at least 0.5 before continuing up if market agrees.