$DASH /USDT ā Controlled Pullback Near Completion, Reversal Likely
DASH has retraced sharply from $52.61, forming a continuous red-candle decline into the $49.52 area on the 15m timeframe. The structure shows a controlled corrective wave, not a breakdown. Price is now sitting at a key reaction zone with early signs of buyer absorption.
As long as DASH holds above the $49.00 support base, the probability of a bounce toward the mid-range increases.
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šµ Long Setup
Entry Range:
ā¢ $49.00 ā $49.60
Targets:
ā¢ TP1: $50.30
ā¢ TP2: $51.20
ā¢ TP3: $52.20
Stop Loss:
ā¢ $48.40
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š Short Setup (Only if Breakdown Occurs)
If sellers push price below $49.00 with a strong bearish candle and volume:
Short Entry:
ā¢ $48.90 ā $48.40
Targets:
ā¢ TP1: $47.80
ā¢ TP2: $46.90
ā¢ TP3: $45.80
Stop Loss:
ā¢ $49.80
The prolonged pullback from the 52.61 high mirrors a typical post-pump correction. Price has now entered a support pocket where bulls historically initiate rebounds. A clean reclaim of $50.00 would confirm a shift back into bullish momentum and likely trigger a push toward the 51ā52 area.
A bounce from current levels is the higher-probability scenario as long as $49 support holds.
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