Get started

DASHUSDT

Dash setting up for more upside 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.
COINBASE:DASHUSDLong
by HumbleFutures
$DASH updateI am still bullish about $DASH, even though BTC correction (or to be precise whales shaking weak hands off the bus) we are still continuing our uptrend. Let's start with the first analysis. We shot through the ascending triangle and gained 35%. Then dropped below the 306$ support zone. Know we are dancing around that zone forming another ascending triangle. However, due to 1H overbought Stoch RSI there is a high probability for us to drop to the lower side if the triangle or even below it for some time. Risky but profitable entry zone. Otherwise, you can have an entry on the breakout, which is a safer solution. Don't forget that pretty often after breakouts come retest and then we go flying, so don't be scared about a little pullback to the support zone. Good entry points: 1) 260-265$; or 2) after fixating above 306$ support zone Goals: 326 - 350 - 380 - 411 - 519 (just and ambitious long-term target calculated from 25 days long ascending tringle) SL: 255
Long
by DeFi-tacular
2