$DASH
USDT – Short Trade Signal
Current Price: $23.66
🔒 Spot Traders:
> Not ideal for fresh long entries. Price is showing exhaustion near resistance with weak intraday recovery.
📉 Futures Trade Setup:
Entry Zone: Below $23.60 – $23.40
Target 1: $23.10 (minor support)
Target 2: $22.50 (key support from previous consolidation)
Target 3: $21.90 (major breakdown level)
Stop Loss: Above $24.30
⚠️ Analysis:
DASH is struggling near its MA60 at $23.70 after failing to hold above $24.17 (24h high). Short-term momentum is stalling, with MACD flattening, RSI neutral, and low volume spikes indicating a potential loss of bullish strength.
The price structure suggests a bearish fade is likely unless bulls reclaim and sustain above $24.30. Below $23.40, downside opens up quickly due to thin order book support.
As long as price remains below $24.30, the short bias remains valid.