$DASH This breakout saw increased volume and surged to new highs. The most worth watching in the chart isn’t that bullish candle, but whether it can still hold the 70 support line after reaching 73.64.
On the spot page it shows: 24h +13.00%, current price 71.00 USDT, and 24h trading volume of about 45.61 million USDT. The daily chart has already lifted off from the bottom, and today again delivers a surge with accelerated volume.
For now, I won’t chase the final leg. If later the成交 shrinks and the price falls back to the middle of the daily range, then the “strong momentum” assessment should be downgraded. Only if the volume can be maintained does it show this move isn’t just propped up by a brief burst of sentiment.
For high-volatility coins, you need to guard against a high-and-then-falling pullback, declining volume, and reversals in the news backdrop. Will you be watching how well the 70 line is defended, or are you going to wait for it to cool down first?
$DASH #BinanceSpot
On the spot page it shows: 24h +13.00%, current price 71.00 USDT, and 24h trading volume of about 45.61 million USDT. The daily chart has already lifted off from the bottom, and today again delivers a surge with accelerated volume.
For now, I won’t chase the final leg. If later the成交 shrinks and the price falls back to the middle of the daily range, then the “strong momentum” assessment should be downgraded. Only if the volume can be maintained does it show this move isn’t just propped up by a brief burst of sentiment.
For high-volatility coins, you need to guard against a high-and-then-falling pullback, declining volume, and reversals in the news backdrop. Will you be watching how well the 70 line is defended, or are you going to wait for it to cool down first?
$DASH #BinanceSpot
