$DASH is currently trading around 37.44 USDT, showing a −2.60% move in the last 24 hours. After a sharp impulsive rally from 36.68 → 37.91, price failed to sustain above the highs and has rolled over aggressively, signaling bullish exhaustion and rejection from resistance.
On the 1H timeframe, the structure now shows lower highs, strong bearish candles, and loss of momentum, which often marks the beginning of a deeper corrective move rather than a healthy pullback.
Market Structure Overview
Major Resistance Zone: 37.80 – 38.00
Current Supply Area: 37.60 – 37.70
Immediate Support: 37.10 – 36.90
Next Support Zones: 36.50 → 35.80
The move looks like a fake breakout / bull trap, followed by distribution near the highs.
Trade Setup (Bearish / Short Bias)
Entry Zone:
• 37.50 – 37.70 (sell on pullbacks into resistance)
Target 1:
• 37.10 (intraday support)
Target 2:
• 36.50 (previous demand zone)
Target 3:
• 35.80 – 35.20 (extension if selling accelerates)
Stop Loss:
• 38.20 (above rejection high and structure invalidation)
Breakdown Scenario
A clean 1H close below 36.90 with strong volume would confirm bearish continuation and open the door toward 36.50 and lower. Any sustained reclaim above 38.00 would invalidate the bearish setup and shift momentum back to the upside.
Summary
Short-term bias: Bearish
Structure: Rejection + lower highs
Momentum: Selling pressure increasing
Key level to watch: 36.90
Risk clearly defined above 38.20
#ZTCBinanceTGE #FedRateCut25bps