BITTREX:DASHBTC   Dash / Bitcoin
50 0

Trading the downward trend.

Dash has been trading sideways within the last year.

This asset has really low community support due to its corrupt beginnings. As a result I think its growth will be very limited. Long-term, I think investors will be wary of this and money will flow to other currencies.

Sorry dash.
*My opinion, not based on any particular event moving forward.

Downward trend line resistance

There is a lot of structure and no clear dominant support if it falls. Will take small profits at each green zone downward.
1st @ 30% 2nd @30% 3rd @40%

1. Position size limit 10%
2. S/L & Liquid price = Previous trend resistance

Approx 2 @ first take profit
Comment: Lesson:

Do not attempt to predict price direction. Instead react to price movement. Even based on fundamental beliefs.

Price does not equal Value.
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