📌DASH/USDT:
This chart shows a 1-hour timeframe where DASH is currently trading at 33.01.
📍Bollinger Bands (BOLL): The price is trending downward, currently positioned between the Lower Band (DN: 32.59) and the Middle Band (MB: 33.60). It has steadily declined after a rejection from the Upper Band (34.62), indicating that the short-term path of least resistance remains to the downside.
📍RSI (6): At 35.11, the RSI is in weak territory and approaching oversold levels. This suggests sustained selling pressure, though it is nearing a point where a technical "relief bounce" typically occurs.
📍MACD: The MACD shows a bearish trend with the DIF (-0.37) sitting below the DEA (-0.34). The histogram is producing red bars, confirming active downward momentum as the gap between the lines remains negative.
📍Support/Resistance:
-Resistance: 33.60 (Middle Bollinger Band) and 35.74 (Recent 24h High).
-Support: 32.48 (Recent 24h Low) and the 31.26 historical floor visible on the far left.
📍Recommendation
🟢For Buyers (Entry Strategy)
-Conservative: Wait for the price to stabilize and reclaim the 33.60 level (Middle Band) on a 1-hour close before entering.
-Aggressive: Look for an entry near the 32.50 support zone to play a bounce back toward the median, but use a tight stop-loss just below the 24h low.
🔴For Sellers (Exit Strategy)
-Short-Term Profit: Sell a portion if the price reaches the 33.60 – 34.00 range, as this area is likely to act as immediate resistance.
-Stop-Loss: If you are holding long, consider exiting if the price breaks and holds below 32.40, as this could signal a deeper decline toward the 31.26 level.
#DASH