DASH/USD — Determining Level 51.62: Short Sell Setup (4H)
Brief Summary
- Current price: ~49.56–49.95 USD.
- Key point: 51.62 USD — the boundary between Bullish and Bearish bias.
- Condition: Dropping from >53.71 and now below 51.62 → short-term Bearish bias, but there is potential for a brief rebound at the nearest support.
Technical Indicators
- MA: Price below MA5/MA10/MA20 → short-term selling pressure. MA60 ~54.50 as resistance area/higher level.
- MACD: DIFF = -0.69, DEA = -1.07, histogram ~0.37 (negative but with slight buying) → bearish but potential for rebound if buying continues.
Trading Signals & Plan (Main Scenario: Bearish)
- Bullish Trigger: price > 51.62 → consider long.
- Bearish Trigger: price < 51.62 → sell bias.
- Main recommendation: SELL if the price fails to stay above 49.50 (breakdown).
- Entry: SELL 49.50
- TP1: 48.70
- TP2: 48.00
- Stop Loss: 50.50 – 51.00
Risk Management & Timeframe
- Timeframe: likely 4H — suitable for short-term/swing trading.
- Risk: use SL, limit risk per trade (e.g. 1–2% of capital). Confirm with volume & price action before execution.
Important Notes
- Pay attention to price reaction at 51.62 — a close above this level changes the bias.
- Negative MACD + price below short MA = bearish confirmation; histogram starting to rise = potential brief pullback.
Disclaimer
This is not personal financial advice. Use as a reference, always adjust to your strategy and risk management.
Call-to-Action
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