$DASH is in a strong uptrend with significant bullish momentum. However, caution is advised as the RSI is approaching overbought levels, which could lead to a short-term pullback. Traders should watch for a breakout above $58.80 for continuation or a retracement towards $54.24 for potential re-entry.
Trading Tip:
Consider setting a stop-loss below $53 for risk management.
Look for confirmation before entering new positions if the price fails to break above the $58.80 resistance level.
Support and Resistance Levels:
Immediate Resistance: $58.80 (24-hour high). Breaking above this level could push the price to $60 or higher.
Immediate Support: $54.24 (25-period MA). If the price retraces, this level could act as the first safety net.
Secondary Support: $45.33 (99-period MA).
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