$DASH has surprised the market with a massive 40% surge in the last 48 hours, breaking out of its long-term consolidation. Let’s look at what the candles are telling us.
📊 Technical Breakdown
Current Price: ~$83.00 (Up from $37 just days ago!)
The Big Move: $DASH successfully broke through the $50 psychological resistance. This level has now flipped into a Major Support Zone.
Candle Signal: We are seeing strong "Bullish Marubozu" candles (long green bodies with little to no wicks), which shows that buyers are in complete control of the price action.
RSI Alert: The RSI is currently near 78 (Overbought).
Education Note: When RSI is over 70, the coin is "hot." While the trend is strong, a small pullback to "cool down" is normal and often healthy for more growth.
📈 My Chart Suggestions:
Entry Zone: If you missed the initial pump, wait for a "Retest." Look for the price to dip back toward $65 - $70. If it holds there, it’s a high-probability entry.
Target Level: The next major "Supply Zone" (where sellers are waiting) is at $93.50. If it breaks that, we could see a moonshot toward $120.
Stop Loss: To manage risk, keep a stop loss below $58. If the price falls back into the old range, the bullish thesis is dead.
💡 Beginner Insight: "The Retest"
Never "FOMO" (Fear Of Missing Out) into a vertical green candle. Professional traders often wait for the price to come back and "touch" the previous resistance line to see if it acts as new support. This is the safest way to enter a trending trade!
Are you holding $DASH for the long term, or just scalp trading this pump? Let me know your strategy below! 👇
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