DASH/USDT Update: Heavy Correction After Rally, What’s the Next Direction? $DASH

Multi-timeframe analysis + derivative data shows a clear picture:

📉 TREND & MOMENTUM:

•15m, 1H, 4H: Strong BEARISH. RSI oversold (29.21 in 1H), price below all EMAs.

•1D: Structure still BULLISH long-term (price > EMA200 $43.89), but currently correcting from high ~$96.57.

📊 DERIVATIVE DATA (REAL SENTIMENT):

•Funding Rate: NEGATIVE → Majority open SHORT positions.

•CVD (Cumulative Volume Delta): Consistently NEGATIVE → Selling volume dominates.

•Liquidation: Long liquidated ($376K) >>> Short ($32.5K) → Long squeeze occurred.

🆚 REALITY vs NEWS:

Partnership news & 15% pump (Jan 20) turned out to be the trigger for "Buy the Rumor, Sell the News". Significant profit-taking occurred, selling pressure supported by derivative data.

🎯 STRATEGY & OPPORTUNITY:

👉SHORT is the main setup (prob. ~70%).

•Entry: On pullback to $75.88 - $77.13 (EMA20 1H/resistance).

•Target: $67.27** (1H support), then **$60.02.

•SL: Above $78.50.

•Timeline: Correction could continue for 1-3 days.

👉 LONG (counter-trend, risky):

Wait for confirmation of reversal at strong support ($67.27/$60.02) with RSI divergence & positive CVD.

📌 CONCLUSION:

Short-term bearish momentum is strong, supported by on-chain data. Long-term remains bullish as long as it holds above the daily EMA200. Prioritize short setups on rallies, avoid catching the falling knife.

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