$DASH LIQUIDITY SWEEP FAILS — BEARS STILL IN CONTROL
$DASH barely moved 0.2% after sweeping above 53.81, but the rejection is keeping the bearish setup alive. The key question now: can sellers push price back toward the next liquidity zones?
My bias remains bearish while DASH trades below 54.57.
The 15m wick above 53.81 looks like a classic liquidity grab against the prevailing 1H downtrend. Price closed back below the sweep zone, suggesting the breakout lacked follow-through and sellers remain active.
Trading setup:
Short Entry: 53.80–54.00 on a confirmed rejection
TP1: 52.86
TP2: 51.31
TP3: 51.05
Extended Target: 49.21–48.28
Invalidation: Strong 1H close above 54.57
For confirmation, I want to see a bearish engulfing candle, rejection wick, rising sell volume, or a 5m/15m market structure shift after the liquidity sweep.
The flow data also deserves attention:
OI: $24.8M, down 3.3% in 24h
Funding: +0.0039%
Taker Ratio: 0.53x
The bearish setup is supported by the 1H and BTC trend, although daily and weekly structures remain bullish. That makes this a counter-higher-timeframe short, so position sizing and profit-taking should stay disciplined.
No chase. Let price retest the 53.80–54.00 zone and prove that 54.57 remains protected by sellers.
Not investment advice. Educational report only.
#DASH #CryptoTrading #Altcoins #TechnicalAnalysis #BinanceSquare
$DASH barely moved 0.2% after sweeping above 53.81, but the rejection is keeping the bearish setup alive. The key question now: can sellers push price back toward the next liquidity zones?
My bias remains bearish while DASH trades below 54.57.
The 15m wick above 53.81 looks like a classic liquidity grab against the prevailing 1H downtrend. Price closed back below the sweep zone, suggesting the breakout lacked follow-through and sellers remain active.
Trading setup:
Short Entry: 53.80–54.00 on a confirmed rejection
TP1: 52.86
TP2: 51.31
TP3: 51.05
Extended Target: 49.21–48.28
Invalidation: Strong 1H close above 54.57
For confirmation, I want to see a bearish engulfing candle, rejection wick, rising sell volume, or a 5m/15m market structure shift after the liquidity sweep.
The flow data also deserves attention:
OI: $24.8M, down 3.3% in 24h
Funding: +0.0039%
Taker Ratio: 0.53x
The bearish setup is supported by the 1H and BTC trend, although daily and weekly structures remain bullish. That makes this a counter-higher-timeframe short, so position sizing and profit-taking should stay disciplined.
No chase. Let price retest the 53.80–54.00 zone and prove that 54.57 remains protected by sellers.
Not investment advice. Educational report only.
#DASH #CryptoTrading #Altcoins #TechnicalAnalysis #BinanceSquare