MattieDsCryptoLounge

DASHUSDT 4H short setup toward mid area of zone

Short
BINANCE:DASHUSDTPERP   Dash / TetherUS PERPETUAL FUTURES
TA Explained
DASHUSDT is trading within the range between these resistance and support areas. Currently clearly rejected in the resistance area as can be seen on the 4H chart. Expecting the price to move towards the support area . Placing the targets close by to make sure we get some profits with this move down.

12H chart

Trade setup
Best entries: 76.12 - 75.10
TP1: 73.22
TP2: 71.99
TP3: 70.44
SL: 78. 01
RR: 2.15
Max leverage: 4x
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Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
Trade closed: stop reached: Initially the entry was missed for DASH but the drop almost did reach TP1. So TA was correct? Not sure if I could claim that.

On the bounce the entries did get filled but resistance this time wasnt strong enough to push price back down again. I should have cancelled it after missing the entries initially.

Comments

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