🔥 $DASH
Preparation for continued upward movement
$DASH has formed a solid base after repeated defense of the 42.3 area (the lowest level in 24 hours), indicating strong demand and absorption from buyers at this level.
This repeated rejection confirms that it is a key support area.
The recent breakout above 44.0 with an increase in volume proves bullish intent rather than weak liquidity withdrawal.
On a one-hour timeframe, volume continues to expand during upward pushes, reinforcing that buyers are in control of momentum.
From a flow perspective, derivative data clearly supports this. Contract money shows strong net flows with around $805,000 in the last hour and $1.17 million over 4 hours, indicating that leveraged traders are active in positioning for further increases. Commodity markets also reflect steady flows (~$216,000 in the first hour), suggesting real demand rather than purely speculative moves.
📈 Trading plan – Buy $DASH
Entry: 43.8 – 44.2 (pullback towards support)
Stop loss: 42.2 (below structural support)
Profit-taking targets:
TP1: 45.8 (key resistance)
TP2: 47.0 (next upward resistance)
Risk note: Failure to reclaim and hold above 44.85 may lead to a wider consolidation range between 42.60 – 44.85 before the next directional move.
$DASH