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.
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LiquidityWitch
· 5h ago
Whether 88 breaks or not is the key; it feels like this time it's a close call.
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MelonField
· 6h ago
Is 88 stuck? I withdrew long ago. This wave is too risky.
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ZKSherlock
· 6h ago
actually... the trust assumptions embedded in these price targets are kinda wild, ngl. like, what's the cryptographic primitive here that guarantees 88 stops at 88 and not 92? none. purely probabilistic, which is fine, but don't pretend there's mathematical elegance in extrapolating 4h candles lmao
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ForkMaster
· 6h ago
88 breaking through is just a false signal; I've played this trick three years ago. The daily routine of raising a kid is just watching for such breaks on the 4h chart, really annoying... But in the short term, you can indeed gamble on a wave, the key is not to be greedy, take profits early at the 65 level.
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Degen4Breakfast
· 6h ago
Can dropping from 88 really bring it down to 65? That's a bit uncertain; it feels like 88 itself isn't that stable.
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BanklessAtHeart
· 6h ago
The move from 88 to 85 is indeed a bit risky... The last time such a signal appeared, it was a false breakout, and the loss was quick.
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SorryRugPulled
· 6h ago
I took a quick look at that position at 88, and it seems a bit risky. What if it's a false breakout... But setting your stop-loss at 89 is indeed a reliable move.
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.