【$DASH Signal】1H timeframe is building momentum, multi-timeframe resonance imminent, aiming for a breakout!
$DASH The 1H timeframe is oscillating narrowly around a critical EMA line, with prices compressed within a small range of $34.3-$34.6, indicating a pre-breakout phase. Although the 4H timeframe is in a downtrend channel, prices have moved away from EMA50, suggesting a technical rebound is needed. The 1H RSI(46.52) is in a neutral to weak zone, ready to surge. Market depth shows buy orders significantly outweigh sell orders (depth imbalance +1.03%), and active taker buy orders indicate that large funds are positioning for a move.
🎯Direction: Long (Long)
🎯Entry/Order: Enter immediately on breakout above $34.60 (Reason: Breaks above the 1H oscillation upper boundary and EMA50 resistance, confirming short-term bullish momentum)
🛑Stop Loss: $33.90 (Reason: Break below the recent 1H dense trading zone lower boundary and previous support, also equal to ATR(0.9))
🚀Target 1: $35.40 (Reason: Previous rebound high on the 4H timeframe and EMA20 resistance)
🚀Target 2: $36.20 (Reason: Structural high from earlier on the 4H timeframe, also a key level for a potential 1:1.5 risk-reward ratio)
🛡Trade Management:
- Position size suggestion: Light position (Reason: The 4H trend has not fully reversed, indicating a left-side play, risk control is essential)
- Execution strategy: When price reaches $35.40, take profit on 50% of the position, and move the stop loss of the remaining position up to the entry price of $34.60 (break-even). If the price fails to break above $34.60 and turns downward, abandon this trade.
Order book logic: Open interest(OI) remains stable, with slight price increase, indicating the rally is not driven by short covering but by new bullish funds probing in. Negative funding rate(-0.014%) fuels potential short squeeze scenarios. The buy depth in the 1H timeframe around $34.2-$34.3 is unusually thick, forming a solid “support wall,” providing a safety cushion for an upward breakout. Currently, this is a typical “convergence end,” with volatility about to expand.
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【$DASH Signal】1H timeframe is building momentum, multi-timeframe resonance imminent, aiming for a breakout!
$DASH The 1H timeframe is oscillating narrowly around a critical EMA line, with prices compressed within a small range of $34.3-$34.6, indicating a pre-breakout phase. Although the 4H timeframe is in a downtrend channel, prices have moved away from EMA50, suggesting a technical rebound is needed. The 1H RSI(46.52) is in a neutral to weak zone, ready to surge. Market depth shows buy orders significantly outweigh sell orders (depth imbalance +1.03%), and active taker buy orders indicate that large funds are positioning for a move.
🎯Direction: Long (Long)
🎯Entry/Order: Enter immediately on breakout above $34.60 (Reason: Breaks above the 1H oscillation upper boundary and EMA50 resistance, confirming short-term bullish momentum)
🛑Stop Loss: $33.90 (Reason: Break below the recent 1H dense trading zone lower boundary and previous support, also equal to ATR(0.9))
🚀Target 1: $35.40 (Reason: Previous rebound high on the 4H timeframe and EMA20 resistance)
🚀Target 2: $36.20 (Reason: Structural high from earlier on the 4H timeframe, also a key level for a potential 1:1.5 risk-reward ratio)
🛡Trade Management:
- Position size suggestion: Light position (Reason: The 4H trend has not fully reversed, indicating a left-side play, risk control is essential)
- Execution strategy: When price reaches $35.40, take profit on 50% of the position, and move the stop loss of the remaining position up to the entry price of $34.60 (break-even). If the price fails to break above $34.60 and turns downward, abandon this trade.
Order book logic: Open interest(OI) remains stable, with slight price increase, indicating the rally is not driven by short covering but by new bullish funds probing in. Negative funding rate(-0.014%) fuels potential short squeeze scenarios. The buy depth in the 1H timeframe around $34.2-$34.3 is unusually thick, forming a solid “support wall,” providing a safety cushion for an upward breakout. Currently, this is a typical “convergence end,” with volatility about to expand.
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