The recent performance of DASH Digital Money has attracted attention. The current price is $44.87, below the middle band of the Bollinger Bands at $45.36, indicating a bearish short-term trend. The MACD indicator shows the dual lines are converging, and the histogram has shifted from positive to negative, further confirming the strengthening of short positions.



However, the J value of the KDJ indicator is only 1.30, which has entered an extreme oversold area, suggesting that there may be an opportunity for a technical rebound. The RSI indicator is at 41.93, which also indicates a weak market, but the downside potential may be limited.

For trading strategies, analysts suggest that investors consider short positions at highs. The ideal entry point for short positions is around the middle band of the Bollinger Bands at 45.36. If the price can break below the lower band at 41.02, a larger downward space may follow.

The profit-taking target can be initially set near the lower band of the Bollinger Bands at 41.02. To control risk, it is recommended to set the stop loss above the middle band at 46.00.

It is worth noting that there are certain risks in the current market. The KDJ indicator is in an extremely oversold area, which may trigger a technical rebound. At the same time, the price is approaching the support level of the lower band of the Bollinger Bands, and market volatility may intensify. It is recommended that investors remain cautious, take light positions, and strictly implement stop-loss strategies.

Overall, DASH may continue to maintain a bearish oscillation in the short term, but investors should be vigilant for potential rebound opportunities and adjust their trading strategies flexibly.
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)