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DASH currently presents a clear shorting opportunity. Based on short-term trend analysis, it is expected to fall back to around $50 within three days, making this a good swing trade. However, in the long run, shorting remains the more certain direction.
The specific trading approach is as follows:
Wait for it to encounter resistance at the $88 level and start to decline, then enter a short position when the 4-hour candlestick closes below $85. This entry point is relatively safe, avoiding false breakouts.
Profit targets are set in two stages: the first at $70, and the second to see if it can continue to decline to $65.
Risk control is crucial—if the 4-hour closing price breaks above $89, it indicates a reversal in trend, and you must cut losses and exit. Do not gamble against the trend.
The window for short-term swing opportunities won't last long; seize this decline.