$DASH – Resistance Rejection at Top, Momentum Shifting Bearish
Trading Plan: Short $DASH
Entry: 36.00 – 37.50
SL: 39.50
TP 1: 34.20
TP 2: 32.00
TP 3: 29.00
Market Analysis:
The price of $DASH is currently struggling to maintain its upward momentum after hitting a significant resistance zone near the 37.50 level. Looking at the 4h chart, we can see several long upper wicks on the recent candles, indicating strong selling pressure and a lack of follow-through from buyers.
The MACD is starting to flatten out, suggesting that the bullish strength is exhausting, while the RSI(6) is hovering around 54, showing a potential breakdown from neutral territory. Price is currently testing the SuperTrend support, and a clean break below 35.50 will likely trigger a sharp move toward the next liquidity zone. With the volume decreasing on green candles and increasing on red ones, the path of least resistance appears to be downward.
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