🔥 $DASH Strong Downtrend but oversold, I'm thinking go Long reversal play on 1-hour timeframe
Recent candles show elevated volume during declines (991k at 73.1 low) followed by reduced volume during minor bounces, indicating selling exhaustion.
Capital Flows: Consistent net outflows across all timeframes (24h: -55.5M USDT contracts, -8.67M spot) confirm institutional selling. However, extreme outflows often precede reversals.
Entry long $DASH :
Immediate entry at current price (68.13) with tight stop
Preferred entry: Wait for bullish confirmation above 70.77 (BOLL lower band) or RSI6 crossing above 20
Stop Loss: 65.5 (below 24h low)
Target Price $DASH 74.47 (Resistance level)
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DASHUSDT
Perp
69.44
-8.90%
Conservative traders should wait for clear trend reversal signs above MA5 (72.37) #dash #dashusdt