$DASH – Rejection at Resistance, Momentum Fading 📉.
Trading Plan: SHORT $DASH
Entry Zone: 35.1 – 36.9
Stop Loss: 39.0
Targets:
TP1: 33.5
TP2: 31.2
TP3: 29.0
$DASH has pushed into a key resistance zone but is starting to lose strength near the highs. The price action is no longer showing strong continuation, with each upward move becoming weaker and less convincing.
This kind of behavior typically signals buyer exhaustion, where momentum fades and sellers begin stepping in. The repeated inability to break higher suggests that the upside is limited in the short term.
If rejection confirms in this zone, a pullback toward lower levels becomes the higher-probability scenario. The setup favors a controlled short with defined risk, especially if price continues forming lower highs or weak bounces.
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