DASH — the good old private coin that has been in a bearish trend for a long time, but is now in a zone of strong overselling. The chart shows a classic downtrend with gradually decreasing volumes, but the indicators are screaming about a possible reversal or at least a good bounce.
Key points from the chart
Current price: 37.95 USDT (+0.69% over 24h)
24h high/low: 39.01 / 36.68 — price bounced from lows and is holding
RSI(6): 34.50 — heavily oversold (below 35 — classic bounce signal)
MACD: Positive histogram (+0.26) with negative DIF/DEA — bullish divergence (price is falling, but momentum is weakening)
L
EMA: Price below all (EMA7 39.00, EMA25 45.64, EMA99 48.37) — bearish trend, but bounces often start from such oversold levels
Volume: Average, without sharp spikes — typical for accumulation before a move
Structure: Descending channel, price at the lower boundary ~35–37
Signal: LONG (buy) — short-term bounce
Entry: 37.50–38.20 (at market or upon confirmation of closing above 38.00)
Targets (Take Profit):
TP1: 39.00–39.50 (+3–4%) — quick profit at EMA7
TP2: 41.00–42.00 (+8–11%) — main target
TP3: 45.00–46.00 (+18–21%) — if strong momentum and breakout at EMA25
Stop-loss: 36.50–36.00 (below 24h low, risk ~4–5%)
Risk/Reward: 1:3+ — excellent ratio for scalping/swing trading
Why long and not short?
Oversold + bullish divergence on MACD almost always gives a minimum of 8–15% bounce. Shorting here is risky — a quick squeeze is possible if the altcoin market revives.
Warning: DASH — low liquidity alt compared to top coins, movements are sharp. Don't load more than 1–2% of your deposit. If BTC starts dumping — exit immediately
Take profit gradually and monitor RSI — if above 60, take some profit.
Good luck with the trade! 🔥$DASH
