$DASH is a hot coin: +0.0% in 12h, -11.0% in 24h, 24h volume $26M.
I'm shorting DASH here. The 4H chart just printed a bearish CHoCH below $61.15, signaling a deeper correction. While the 30-day trend is up 43.9%, price is now trapped below the anchored VWAP at $62.21, which is acting as resistance.
Open Interest has dropped 16.3% in 24h, showing that longs are being forced out. Momentum is shifting as RSI falls toward 38, and CVD confirms aggressive selling. I see a cluster of short liquidations around $63.20 that might get swept first, but the primary target is the support zone near $50. I'll be targeting the daily EMA50 as my first major objective.
Invalidation is a daily close above $66.02.
The trend is cooling off.
Short DASH 1D/4H
Entry: $60.02 - $61.15
Targets: $54.41 / $49.66 / $47.70
Stop loss: $66.02
$BTC $NEAR
I'm shorting DASH here. The 4H chart just printed a bearish CHoCH below $61.15, signaling a deeper correction. While the 30-day trend is up 43.9%, price is now trapped below the anchored VWAP at $62.21, which is acting as resistance.
Open Interest has dropped 16.3% in 24h, showing that longs are being forced out. Momentum is shifting as RSI falls toward 38, and CVD confirms aggressive selling. I see a cluster of short liquidations around $63.20 that might get swept first, but the primary target is the support zone near $50. I'll be targeting the daily EMA50 as my first major objective.
Invalidation is a daily close above $66.02.
The trend is cooling off.
Short DASH 1D/4H
Entry: $60.02 - $61.15
Targets: $54.41 / $49.66 / $47.70
Stop loss: $66.02
$BTC $NEAR
