DASH/USDT Update: Heavy Correction After Rally, Whatโs the Next Direction? $DASH
Multi-timeframe analysis + derivative data shows a clear picture:
๐ TREND & MOMENTUM:
โข15m, 1H, 4H: Strong BEARISH. RSI oversold (29.21 in 1H), price below all EMAs.
โข1D: Structure still BULLISH long-term (price > EMA200 $43.89), but currently correcting from high ~$96.57.
๐ DERIVATIVE DATA (REAL SENTIMENT):
โขFunding Rate: NEGATIVE โ Majority open SHORT positions.
โขCVD (Cumulative Volume Delta): Consistently NEGATIVE โ Selling volume dominates.
โขLiquidation: Long liquidated ($376K) >>> Short ($32.5K) โ Long squeeze occurred.
๐ REALITY vs NEWS:
Partnership news & 15% pump (Jan 20) turned out to be the trigger for "Buy the Rumor, Sell the News". Significant profit-taking occurred, selling pressure supported by derivative data.
๐ฏ STRATEGY & OPPORTUNITY:
๐SHORT is the main setup (prob. ~70%).
โขEntry: On pullback to $75.88 - $77.13 (EMA20 1H/resistance).
โขTarget: $67.27** (1H support), then **$60.02.
โขSL: Above $78.50.
โขTimeline: Correction could continue for 1-3 days.
๐ LONG (counter-trend, risky):
Wait for confirmation of reversal at strong support ($67.27/$60.02) with RSI divergence & positive CVD.
๐ CONCLUSION:
Short-term bearish momentum is strong, supported by on-chain data. Long-term remains bullish as long as it holds above the daily EMA200. Prioritize short setups on rallies, avoid catching the falling knife.
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