Long $DASH : open interest -8.3% while price moved -4.9%.
If the support at 53.4 holds, buyers can push towards 54.2 and beyond. If it breaks, look for a move towards invalidation at 52.2.
The read:
- 4H price at 53.4 shows a bounce attempt; stop at 52.2 is critical.
- 1H RSI at 33 indicates momentum has reset, allowing for a bounce.
- Risk 2.3% to SL vs 3.7% to TP3 offers a favorable risk-reward setup.
🟢 LONG · Entry 53.35–53.51 · TP 54.17 / 54.66 / 55.40 · SL 52.20
Will buyers defend 53.4, or will it break?
NFA · DYOR
If the support at 53.4 holds, buyers can push towards 54.2 and beyond. If it breaks, look for a move towards invalidation at 52.2.
The read:
- 4H price at 53.4 shows a bounce attempt; stop at 52.2 is critical.
- 1H RSI at 33 indicates momentum has reset, allowing for a bounce.
- Risk 2.3% to SL vs 3.7% to TP3 offers a favorable risk-reward setup.
🟢 LONG · Entry 53.35–53.51 · TP 54.17 / 54.66 / 55.40 · SL 52.20
Will buyers defend 53.4, or will it break?
NFA · DYOR