๐ข Buy Setup: $DASH
๐ Entry Zone:
$51.64- $52.00 (distributed between the sub-support level and the intersection point of the ascending trendline)
๐ฏ Targets:
Target 1: $55.00
Target 2: $58.00
Target 3: $63.74 (aiming for the upper resistance area Supply Zone)
๐ซ Stop Loss:
$48.82 (a 4-hour candle close below this level completely invalidates the setup)
๐ก Technical Rationale for the Trade:
Support from the ascending trendline: price is anchored to a main ascending trendline that supports the direction and provides a strong rebound at each retest.
Accumulation below resistance: the price rebuilds buying momentum after the last correction, and the proposed entry point is located in the accumulation retest area that overlaps horizontal support and the trendline.
Excellent Risk/Reward ratio: waiting until the price drops into the monitoring zone ($51.00 - $52.00) minimizes risk to the lowest level compared to the expected upside of the targets.
$DASH
๐ Entry Zone:
$51.64- $52.00 (distributed between the sub-support level and the intersection point of the ascending trendline)
๐ฏ Targets:
Target 1: $55.00
Target 2: $58.00
Target 3: $63.74 (aiming for the upper resistance area Supply Zone)
๐ซ Stop Loss:
$48.82 (a 4-hour candle close below this level completely invalidates the setup)
๐ก Technical Rationale for the Trade:
Support from the ascending trendline: price is anchored to a main ascending trendline that supports the direction and provides a strong rebound at each retest.
Accumulation below resistance: the price rebuilds buying momentum after the last correction, and the proposed entry point is located in the accumulation retest area that overlaps horizontal support and the trendline.
Excellent Risk/Reward ratio: waiting until the price drops into the monitoring zone ($51.00 - $52.00) minimizes risk to the lowest level compared to the expected upside of the targets.
$DASH
