DASH just dropped 10.3% and the bears are celebrating. But the daily chart tells a different story. 📉
At $38.27, Dash is testing support near its daily 7-SMA ($38.93). The 4H RSI at 44.7 is leaning bearish, but the daily RSI at 61.9 is still firmly in bullish territory. This looks like a healthy correction within a larger uptrend — not a trend reversal.
📐 Why This Could Be a Buy:
Daily MACD at +2.04 with positive histogram = uptrend intact on the higher timeframe. Price is still 16% above the daily 25-SMA ($33.06) and 9% above the 99-SMA ($35.21). The 4H chart shows increasing volume on this drop (1.41x) — which could mean capitulation selling (bullish) rather than distribution.
Long/short ratio at 1.82 is heavily long — shorts might push it lower before the bounce.
📋 The Plan:
Entry: $37.43 — $39.11 (support zone)
Stop Loss: $36.08 (below structure)
TP1: $39.80 → TP2: $41.33 → TP3: $42.86
Wait for a bullish reversal candle (hammer, engulfing) before entering.
💪 Buying DASH at support or waiting lower? Tell me 👇
#DASH #Crypto #DYOR
⚠️ Not financial advice. DYOR. Always confirm with price action before entering.
At $38.27, Dash is testing support near its daily 7-SMA ($38.93). The 4H RSI at 44.7 is leaning bearish, but the daily RSI at 61.9 is still firmly in bullish territory. This looks like a healthy correction within a larger uptrend — not a trend reversal.
📐 Why This Could Be a Buy:
Daily MACD at +2.04 with positive histogram = uptrend intact on the higher timeframe. Price is still 16% above the daily 25-SMA ($33.06) and 9% above the 99-SMA ($35.21). The 4H chart shows increasing volume on this drop (1.41x) — which could mean capitulation selling (bullish) rather than distribution.
Long/short ratio at 1.82 is heavily long — shorts might push it lower before the bounce.
📋 The Plan:
Entry: $37.43 — $39.11 (support zone)
Stop Loss: $36.08 (below structure)
TP1: $39.80 → TP2: $41.33 → TP3: $42.86
Wait for a bullish reversal candle (hammer, engulfing) before entering.
💪 Buying DASH at support or waiting lower? Tell me 👇
#DASH #Crypto #DYOR
⚠️ Not financial advice. DYOR. Always confirm with price action before entering.