Dash has made a solid setup with a potential 13% upside swing trade. A good risk conscious trade might be to buy on a break over 305 with a stop under 288... targeting the 346 area. The downside is nominally significant at 5.4%, however, which should play into sizing (consider being smaller in this trade than a usual setup.) Yet, given the upside of potentially more than 13% a 2.6 R:R justifies taking the trade if you use that variable in your triggers.
Trade active:
crypto deciding to rollover in a big way across the board... coming off that coinbase IPO top; this doesn't look good at all.
Trade closed: stop reached:
well, when those who make the rules decide to throw resistance into a market... that's when historical probabilities tend to fail.
