$DASH /USDT: Momentum Peaks Near Resistance – A Strategic Trade Opportunity
$DASH has seen a massive surge, currently trading at 51.08, up by 30.71%, as it climbs toward the critical resistance level of 55.00. The strong bullish momentum is backed by high trading volume, but the RSI at 72.09 suggests caution, as the asset approaches overbought territory. Support is visible at 48.00, providing a base for retracement or consolidation. A well-timed entry near 51.08 offers promising targets at 52.50 (TP1), 53.50 (TP2), and 54.50 (TP3). To manage risk effectively, a stop-loss at 47.00 is recommended.
This setup ensures traders capitalize on the current uptrend while safeguarding against potential pullbacks. Keep a close watch for a breakout above 55.00, which could ignite further upside momentum. Strategic risk management is essential in such high-volatility conditions.