Strong Sell-Off → Support Zone Reaction
Setup (LONG – Technical Bounce)
Pair: $DASH
/ USDT
Timeframe: 4H
Current Price: 38.46
Market Structure:
After a sharp rejection from 46.73, price experienced an aggressive sell-off and found support near 37.60, where buyers stepped in. The market is now attempting to stabilize after an extended bearish move, suggesting a possible technical bounce from oversold conditions.
Entry Zone: 37.80 – 38.80
Bias:
Bullish above 40.00 (4H close confirmation)
Targets:
🎯 TP1: 40.50
🎯 TP2: 43.00
🎯 TP3: 46.00
Stop-Loss: 36.80
Note:
This is a counter-trend recovery setup. As long as price holds above 37.50, a relief bounce toward key resistance levels is possible. Strong confirmation comes only with a sustained move above 40.00.
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