$DASH After the Madness, the Bill Has Nothing to Do with You and Me
1. Overall Trend Judgment (Core)
The price of DASH suddenly exploded from around $25.00, violently rising to $140.00 - $150.00 (an increase of over 5 times), followed by a bubble burst, with the price plummeting straight down.
Currently, the price has fallen back to $48.42. Although there is still a profit compared to the rise point, it has dropped 60% - 70% compared to the high point. The MACD has a dead cross at a high position and is pointing down, with the red momentum bars continuously expanding; the market is currently paying for the previous excessive madness.
The short-term speculative bubble has burst. A huge trapped position has been left above, making it difficult to organize an effective counterattack in the short term.
2. Key Price Levels
Resistance Level (Selling Pressure Zone):
Short Resistance: $60.00. A short-term pause point during the decline, also an integer psychological barrier. If it rebounds here, funds that failed to bottom out will choose to stop loss.
Strong Resistance: $90.00 - $100.00. The “midpoint” of this market trend. There, countless chasing highs have been trapped, which will be the “ceiling” for a long time to come.
Support Level (Defensive Zone):
Lifeline: $40.00 - $45.00. The top of a small step before the rise, also the first line of defense below. If it falls below here, the price will further return to the rise point.
Limit Bottom: $25.00 - $30.00. The starting point of this round of market, also the long-term iron bottom for DASH. This is an absolute safety margin.
3. Trading Volume Signals
Signal: Huge volume at the top, decreasing volume on the decline.
During the peak, a historical high volume was released, indicating that the main funds completed a large-scale handover (selling) at a high position. Although the current decline has seen a decrease in volume, it is still active, indicating that market sentiment is extremely unstable, with significant long-short divergence.
4. Trading Strategy
For Holders: Don't hold out hope! If trapped above $100, it will be a long time before you can break even. It is recommended to pay attention to the rebound strength near $60.00, reducing positions at highs to keep a spark.
For Non-Holders: Do not catch falling knives!
Although it has dropped a lot, this kind of straight up and down trend is extremely dangerous.
Aggressive: Lightly position near $40.00 to bet on a short-term rebound, quick in and out.
Conservative: Wait for the price to stabilize near $30.00 before reconsidering.
5. Conclusion
DASH has just experienced a “massacre,” $40.00 is a buffer, $60.00 is an escape. When gods fight, retail investors retreat!