🔥 DASH just exploded 32% and RSI is screaming overbought at 84 — but here is why momentum traders should still pay attention
The setup is wild. DASH went from quiet $48 range to $66 in days. Volume surged 3.3x the average — this is not retail FOMO alone, someone is accumulating big.
📊 The Numbers:
• Price: $66.18 (+32.3%)
• 4H RSI: 84.3 (overbought but still climbing)
• MACD: bullish histogram expanding
• Volume ratio: 3.31x normal
• L/S ratio: 1.35 (smart money leaning long)
🎯 Why This Trade?
When RSI hits 84 and price keeps grinding higher with expanding MACD, the overbought trap fools everyone who shorts too early. Momentum continuation trades work best when shorts are getting squeezed. Volume confirms real buying pressure, not just a wick.
📋 Trade Plan:
✅ Entry zone: $64.07 - $68.30 (wait for pullback to entry)
🛑 Stop loss: $57.72 (below the breakout retest zone)
🎯 TP1: $68.83 | TP2: $71.47 | TP3: $74.12
⚠️ Risk/Reward is tight at 0.3 — this is a momentum scalping setup, not a swing. Size accordingly and take profits aggressively.
💬 Would you chase a 32% pump or wait for the dip? Drop your play below 👇
#DASH #MomentumTrading #DYOR
⚠️ This is not financial advice. Always DYOR and manage your risk. Crypto is volatile — never trade with money you cannot afford to lose.