#DASH Trading Plan (Long) Overview
Entry Zone: $45.44 – $47.00
Entering within this range aims to capture a potential bounce from support. The lower end ($45.44) is near recent support, while $47 is closer to short-term resistance, so scaling in could be effective.
Stop Loss (SL): $42.90
Placing SL slightly below the $42.95 recent low gives room for minor dips while protecting against a larger downtrend continuation.
Take Profit (TP): $49.10 and $50.16
These targets are aligned with EMA resistance levels:
$49.10 = near EMA 50
$50.16 = potential upper range for short-term retracement if momentum continues
Indicators Analysis
RSI (Relative Strength Index):
RSI(6) = 42.95
RSI(12) = 45.75
Interpretation: Not oversold yet, indicating there’s room for upward movement. A rising RSI from this zone could confirm a bounce toward resistance.
MACD (Moving Average Convergence Divergence):
MACD = -0.31 (deep below zero)
Interpretation: Strong negative momentum exists, but if MACD lines start converging or a bullish crossover occurs, it could signal a short-term upward move, supporting your long plan.
