$DASH putting in a strong bullish performance lately, but with overbought indicators flashing warnings, I’m bullish overall yet approaching new entries with caution.
Volume analysis: Recent 1-hour candles show a noticeable decline (dropping to ~30K range from prior highs over 100K), signaling some fading momentum in the upside push.
On the capital flow front, still net positive with +1.45M USDT inflows over 24h supporting the bulls. Shorter timeframes show minor outflows (-235K on 5m, -71K on 15m) – likely profit-taking.
Long entry ideas for $DASH • Prefer a pullback to the 42.22–42.50 support zone (aligning with MA5) • Or a convincing breakout above 44.45 (recent high) on rising volume for confirmation.
Stop-loss placement: 41.00–40.60 to protect against a drop to S2 and recent swing low.
Targets: First at 45.43 (key resistance), then stretching to 46.55. DASHUSDT Perpetual Current: ~43.59 (+3.9% daily)
Quick note: RSI and KDJ deeply overbought – avoid chasing highs. Better to wait for consolidation around support or a volume-confirmed breakout. #DASH #DASHUSDT
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$DASH putting in a strong bullish performance lately, but with overbought indicators flashing warnings, I’m bullish overall yet approaching new entries with caution.
Volume analysis: Recent 1-hour candles show a noticeable decline (dropping to ~30K range from prior highs over 100K), signaling some fading momentum in the upside push.
On the capital flow front, still net positive with +1.45M USDT inflows over 24h supporting the bulls. Shorter timeframes show minor outflows (-235K on 5m, -71K on 15m) – likely profit-taking.
Long entry ideas for $DASH
• Prefer a pullback to the 42.22–42.50 support zone (aligning with MA5)
• Or a convincing breakout above 44.45 (recent high) on rising volume for confirmation.
Stop-loss placement: 41.00–40.60 to protect against a drop to S2 and recent swing low.
Targets: First at 45.43 (key resistance), then stretching to 46.55.
DASHUSDT Perpetual Current: ~43.59 (+3.9% daily)
Quick note: RSI and KDJ deeply overbought – avoid chasing highs. Better to wait for consolidation around support or a volume-confirmed breakout.
#DASH #DASHUSDT