$DASH /USDT: Testing the Support Floor! 📉🧱
DASH / USDT - SHORT (Scalp Focus)
Trade Plan:
Entry Range: $32.26 – $32.50
Stop Loss (SL): $33.40 (Above the recent 24h high)
TP1: $31.80
TP2: $31.30
TP3: $30.50
Why this setup?
Bearish Structure: On the 1H chart, DASH is showing weakness after a rejection at the $33.39 resistance level. It has formed a series of lower highs, indicating that sellers are regaining control.
Moving Average Breakdown: The price has slipped below the MA(7) ($32.67), MA(25) ($32.48), and MA(99) ($32.62). Trading below all three major moving averages confirms a bearish shift in short-term momentum.
Support Under Pressure: DASH is currently trading at $32.26, hovering just above the local support zone. A break below the recent wick low of $31.38 could accelerate the downward move.
Volume Analysis: Selling volume is picking up as the price approaches the support floor, suggesting a lack of strong buyer interest at current levels.
Debate: DASH is testing the strength of its $32.00 psychological support. Do you think the bulls will step in for a weekend bounce, or are we heading toward a retest of the $31.00 level? Share your technical reasoning below! 👇
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