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$DASH Attempting a Bullish Breakout – Testing Key Resistance
DASH is finally showing some life! Up 13.6% today with solid volume backing the move. Those big green candles are screaming real buying pressure.
*Volume & Funding Rate:
Volume spiked hard on the rally – way above average. Funding rate is slightly negative at -0.037%, which means there’s still some bearish pressure in perps, but nothing extreme. Plenty of room for longs to keep pushing.
*Capital Flows:
Inflows looking strong: +1.84M in 6H, +3.36M in 12H, +2.96M in 24H USDT. This is consistent accumulation – big players are clearly loading up.
*My Trade Setup
$DASH : LONG – breakout setup looks solid.
Looking to get in on a small dip to around 43.50–44.00 USDT. That’s a solid support zone right there.
Stop Loss:
I’m putting it at 40.50 USDT – just below that important 38.51 level. Gives me about 8.7% downside protection.
Targets:
First take-profit: 47.50 USDT (roughly +8.5%)
Second: 50.22 USDT (about +15.4%)
DASHUSDT
Perp
45.28
+16.07%
Why I’m Feeling Bullish
$DASH :
Price smashed through a bunch of moving averages, volume is backing it up nicely, money keeps flowing in, and the momentum indicators are starting to flip green. If we push past the 24h high at 44.70, I think we could run nicely up to the upper Bollinger Band. That said, keep an eye out – if it gets rejected there, we might chop around for a bit before the next move.
#DASH #DASHUSDT