$DASH – POTENTIAL TRAP OR RANGE BREAKDOWN?
#DASH is currently showing a potential short setup as price compresses near a key 4H level, with signs of short-term exhaustion.
TRADE PLAN – SHORT
Entry: 38.85 – 38.97
Stop Loss: 39.47
TARGETS
TP1: 38.49
TP2: 38.21
TP3: 37.79
WHY THIS SETUP?
• 4H resistance test around 38.91
• Lower timeframe RSI showing overbought conditions
• Low volatility environment (ATR compression) suggesting move expansion potential
• Structure leaning toward rejection within range
DEBATE
Is this a clean rejection for downside continuation toward 38.21, or just another fakeout before range expansion upward?