DASH Breakdown Brewing: The Short Before the Panic
Entry: 38.09 – 38.23 🔻
Target: 37.64 / 37.29 / 36.78 🎯
Stop Loss: 38.85 🛡️
Folks, while everyone else is praying for a bounce, the chart is whispering a different story. The 4-hour and daily candles are still printing lower highs, and that 15-minute RSI is sitting at 38 with plenty of room to slide before hitting oversold. This isn't a dip to buy yet; it looks like weak hands are about to get liquidated.
The volume profile shows zero real buying pressure at the $38 handle. If the support shelf crumbles, the drop to 37.64 could be swift and mechanical. With ATR staying low, we might not see a violent crash, but a steady bleed that grinds late longs into dust. Keep it tight, keep the stop loss above the local swing high, and let the bearish structure do the heavy lifting.
Not financial advice. Manage your risk.