Got it ๐ letโs read this 15m DASH/USDT chart step-by-step.
#StrategyBTCPurchase $SOL #USIranStandoff $SOL
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๐ Market Structure (15m)
Clear lower highs + lower lows โ short-term bearish trend
Strong rejection from 65.7 โ distribution zone
Price is now compressing near support, not bouncing yet
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๐ Moving Averages
MA(7): 60.56 โ price below (weak momentum)
MA(25): 61.64
MA(99): 61.28
๐ All MAs are above price and sloping down โ sellers still in control
๐ Any move up will face heavy resistance
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๐งฑ Key Levels
Support
59.80 โ 59.50 โ intraday demand (buyers defended once)
58.8 โ 59.0 โ next support if breakdown happens
Resistance
60.80 โ 61.00 โ first rejection zone
61.60 โ 62.10 โ MA25 + MA99 (strong sell wall)
63.40+ โ trend reversal only above this
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๐ Volume Insight
Selling volume decreasing near 59.8
That hints at selling exhaustion, but no bullish confirmation yet
Needs a strong green candle + volume to flip bias
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๐ง Scenarios
๐ด Bearish continuation
Lose 59.50
Targets: 58.8 โ 57.9
Likely if price fails to reclaim 60.8
๐ข Relief bounce (counter-trend)
Hold above 59.8
Break & close above 60.80
Target: 61.6 โ 62.1
Still a scalp, not trend reversal
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๐ฏ Trading Bias
โ No longs here blindly
โ Safe longs only after reclaim 60.8
๐ฉธ Shorts are safer on rejection near 61โ62
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Simple Take:
This is not bullish yet โ itโs either:
Base building before a bounce
Or bear flag before another leg down
If you tell me:
Spot or futures
Entry already taken or waiting
Iโll give you a precise trade plan (SL + TP) ๐
