$DASH /USDT Trading Signal – Consolidation or Breakdown Ahead?

Current Price: $42.23 (-3.50%)

24h Range: $42.07 - $43.88

24h Volume: 123,734.53 DASH

Observation:

DASH/USDT is trading within a consolidation zone after facing rejection near $43.89. Current levels suggest a potential for either a breakout or a deeper pullback. Bulls need to defend $42.00 to maintain stability.

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Trading Plan (1H Timeframe):

Long Entry: $42.00 - $42.50

Targets:

T1: $43.50

T2: $44.00

T3: $45.00

Stop Loss: $41.50

Alternate Plan:

If price breaks below $42.00:

Short Entry: $41.90 - $41.50

Targets:

T1: $41.00

T2: $40.50

Stop Loss: $42.50

Analysis:

MACD reflects bearish momentum, indicating further downside is possible if support fails. However, sustained trading above $42.00 could trigger a recovery toward $44.00 and beyond.

Strategy Advice: Keep an eye on volume for signs of a breakout or breakdown. Secure partial profits as targets are met and adjust stop-losses to lock in gains.

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