【$DASH Signal】Long + 1H Breakout and Pullback Confirmation, Main Force Clearly Intends to Support the Market

$DASH On the 1H timeframe, after a volume-driven rally, the price is currently consolidating at a high level, with a pullback to EMA20 (34.29) confirming support. The 4H timeframe has already broken through the previous consolidation upper boundary (around 34.0), forming a bullish structure. The key point is: while the price has increased by 8.32%, open interest (OI) remains stable, and the funding rate is negative (-0.0068%), indicating that bears are still resisting, but the price is holding firm, with potential for a short squeeze. The order book depth in the 35.4-35.5 range is unusually thick, showing strong willingness from the main force to support the market.

🎯Direction: Long (Long)

🎯Entry/Orders: 35.45 - 35.55 (gradually around current price)

🛑Stop Loss: 34.75 (below the previous 1H low and EMA50 support)

🚀Target 1: 36.50 (previous high resistance and 4H Fibonacci 0.618 extension level)

🚀Target 2: 37.50 (daily downtrend line resistance and psychological level)

🛡️Trade Management:

- Position: Standard size. Recommended to enter in two batches, first at 35.55, second at 35.45.

- Execution Strategy: After reaching Target 1, reduce position by 50%, and move the stop loss of the remaining position to the entry price (break-even). If the price strongly breaks above 36.5 and stabilizes, move the remaining position’s stop loss to break-even and hold, aiming for Target 2.

Depth Logic: Currently, the 1H RSI (72.65) is relatively high but not in extreme overbought territory, which is normal in a strong market. The 4H RSI (64.45) still has room to rise. The core driver is the short squeeze logic under negative funding rates, and the price breakout has not been accompanied by a decline in OI, indicating new long positions are being absorbed. Market logic suggests “price rising, combine with open interest to determine whether main force is entering or bears are stepping on the brakes.” With OI stable, it leans toward main force entering to push the market. The 34.8-35.0 zone below provides multiple supports and is an ideal defensive position.

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