$DASH / USDT Short Trade Setup!š
Current Price: $37.40 (-6.24%)
š Performance Overview:
4-Hour Chart Trend:
$DASH / USDT is continuing its bearish trajectory, with prices falling significantly in the last trading sessions.
š Technical Analysis:
Key Levels:
Support Zone: $35.41 (24h low)Resistance Zone: $39.89 (24h high)
Price Action:
Daily Loss: -4.81%, reflecting strong bearish sentiment.7-Day Performance: -1.66%, showing steady pressure over the week.30-Day Performance: -35.94%, indicating long-term weakness despite a bounce in earlier months.
Market Sentiment:
Despite a 62.77% increase over 90 days, recent market moves suggest a reversal in sentiment, with sellers dominating in the short term.
š Insights & Strategy:
Trend Insights:
DASH is currently testing its recent support levels around $35.
Bulls will need to reclaim $39.50 to indicate potential recovery.
Opportunities:
Potential for accumulation at support levels if bullish confirmation arises.
Short-term traders may seek quick scalping opportunities during volatile moves.
Risk Management:
With ongoing bearish sentiment, tighter stop-losses are recommended to protect capital.
š¬ Discussion:
Will DASH regain its bullish momentum or break below critical support? Share your analysis and trading strategies below!
