DASH is testing a crucial sweep level at 45.01, a point of control that could make or break this bullish momentum. The high timeframe bias is clearly bullish, and we're seeing a beautiful order block formation that's giving us a low-risk entry opportunity.
From a technical standpoint, the relative strength index is sitting at 50, indicating a neutral momentum, while the volume is slightly below average at 0.6x. The SMC score is at 4.0/10, which suggests that there's still room for growth. The overall structure is looking promising, with an OB+FVG Sandwich zone providing a tight range to trade within.
Here are the key trade levels:
- Entry: 43.83
- Take Profit 1: 45.0486 (RR 3.8x)
- Take Profit 2: 46.8764 (RR 9.6x)
- Stop Loss: 43.5128
I'm watching this trade closely, and I recommend you do the same. Remember to trade with a 1:1 risk/reward ratio to maximize your potential gains.
Followers, let's keep a close eye on $DASHUSDT and adjust our strategies accordingly.
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