DASH down 10.1% while the L/S ratio sits at 1.62 — the most crowded long trade on today's list. When everyone's positioned the same way, someone's about to learn a lesson 🎓
At $57.61, DASH is showing classic distribution behavior. The 4H chart: RSI 38.8 (bearish), MACD negative and expanding (-0.085), price below both SMA7 ($61.36) and SMA25 ($64.55). Sellers are clearly in control on the short timeframe.
But zoom out: the daily chart shows RSI 62.4, MACD massively positive (+1.44), and price still above SMA25 ($45.86) and SMA99 ($36.63). The daily uptrend is intact. This is a correction — but corrections can hurt.
📊 Trade Plan (SHORT — counter-trend):
• Entry: $56.24 – $58.98
• Stop Loss: $63.09 (above 4H SMA25 at $64.55 — conservative buffer)
• TP1: $54.55 | TP2: $52.87 | TP3: $50.62
• Risk/Reward: 0.6R — manageable for a counter-trend play
The 1.62 L/S ratio is the key signal here. That's a LOT of longs. If $56 breaks, expect a cascade of stop-losses that could accelerate price to TP2-TP3 quickly. This is a crowded-trade fade.
🤔 Is DASH headed back to $45 or bouncing at $50? Your call 👇
#DASH #DYOR
⚠️ This is not financial advice. Always do your own research and manage risk carefully.