Observing the chart of $DASH / USDT.P on 1h, we identify a clear bearish continuation structure. The price has been moving within a descending channel (possible flag or wedge) and, crucially, has broken down through the lower dynamic support and the key horizontal support in the $44.50 area.
The current price ($42.08) is in a breakout extension phase, which typically precedes a retest of the broken area. The validation of this bearish signal will occur if the price rises to retest the $44.50 level, rejects it, and continues to fall. We will not trade until we have that confirmation.
📉 Technical Data (DASH/USDT.P - 1h)
Identification: Breakout of a descending wedge/flag pattern (bear flag).
Entry Zone (Short): Wait for a retest and rejection of $44.50. (Conservative entry: $44.00 - $44.50).
Stop Loss (SL): Above the maximum of the channel or the last significant high, around $46.00.
Target Price (TP): Measurement by projection of the mast, or structural support at $36.50.
Conclusion: The trend is bearish. We seek a 'short' only after confirming the rejection at the retest of the broken structure. Do not rush. 🧐
