🔥 DASH +15.75% Today and RSI is SCREAMING Overbought — But Here's Why I'm Still Longing It
DASH at $53.14 with $46.4M volume (2.58x average). This is the strongest move in months for this privacy OG.
Yes, RSI 4h = 73.7 and RSI daily = 78.1. Both overbought. In a normal market, that's a sell signal.
But here's the thing about strong uptrends: they stay overbought way longer than you think. Price is above SMA7 ($45.02 daily), SMA25 ($37.61), AND SMA99 ($35.10). All moving averages are stacked bullish. This is a full-blown trend.
📊 Trade Plan (LONG):
• Entry: $51.888 - $54.392
• Stop Loss: $48.133 (below SMA7 4h at $50.54 — if we lose that, momentum is fading)
• TP1: $55.266 → TP2: $57.391 → TP3: $59.517
⚠️ Confidence: 81% — Trend is your friend until it bends. Watch for volume divergence.
Long/short ratio at 1.77 — the crowd is heavily long, which normally scares me. But in a strong trend like this, it just confirms conviction.
🤔 Privacy coins having a moment. Is DASH leading the charge or lagging the hype? 👇
#DASH #PrivacyCoins #DYOR
⚠️ Not financial advice. Do your own research. Crypto trading involves significant risk.
DASH at $53.14 with $46.4M volume (2.58x average). This is the strongest move in months for this privacy OG.
Yes, RSI 4h = 73.7 and RSI daily = 78.1. Both overbought. In a normal market, that's a sell signal.
But here's the thing about strong uptrends: they stay overbought way longer than you think. Price is above SMA7 ($45.02 daily), SMA25 ($37.61), AND SMA99 ($35.10). All moving averages are stacked bullish. This is a full-blown trend.
📊 Trade Plan (LONG):
• Entry: $51.888 - $54.392
• Stop Loss: $48.133 (below SMA7 4h at $50.54 — if we lose that, momentum is fading)
• TP1: $55.266 → TP2: $57.391 → TP3: $59.517
⚠️ Confidence: 81% — Trend is your friend until it bends. Watch for volume divergence.
Long/short ratio at 1.77 — the crowd is heavily long, which normally scares me. But in a strong trend like this, it just confirms conviction.
🤔 Privacy coins having a moment. Is DASH leading the charge or lagging the hype? 👇
#DASH #PrivacyCoins #DYOR
⚠️ Not financial advice. Do your own research. Crypto trading involves significant risk.