Hello, Traders!
After the rapid growth, DASH corrected by more than 50% of its upward movement. The price found support near the $212 level. Dynamic support is provided by MA100 on 4H timeframe.
Currently, the asset is consolidating. We can consider this action as a form of correction with the further exit of the price to the level of $332 as the upper distribution point, or the exit of the price with the renewal of the ATH.
Buy entry can be considered in the range of $230 - $240
Stop-loss should be placed under $212
Targets for upward movement would be:
$270
$290
$315
$332
Good luck and watch out for the market
P.S. This is not a piece of financial advice but only trade I would be following myself
After the rapid growth, DASH corrected by more than 50% of its upward movement. The price found support near the $212 level. Dynamic support is provided by MA100 on 4H timeframe.
Currently, the asset is consolidating. We can consider this action as a form of correction with the further exit of the price to the level of $332 as the upper distribution point, or the exit of the price with the renewal of the ATH.
Buy entry can be considered in the range of $230 - $240
Stop-loss should be placed under $212
Targets for upward movement would be:
$270
$290
$315
$332
Good luck and watch out for the market
P.S. This is not a piece of financial advice but only trade I would be following myself