【$DASH Signal】Long - 4H breakout and retest confirmation, 1H buildup for another push

$DASH The 1H timeframe is consolidating above a key support level, gathering strength, with the price closely following EMA20 (38.17). The 4H timeframe has confirmed a breakout above the previous consolidation zone (38.0), currently representing a healthy pullback after a breakout. Negative funding rate (-0.0214%) combined with rising prices indicates potential short squeeze, and stable open interest (OI) suggests funds have not exited. The 1H volume is shrinking, indicating a reversal is imminent.

🎯Direction: Long (Long)

🎯Entry/Order: 38.50 - 38.65 (Reason: 1H EMA20 support zone and 4H breakout level resonate, with heavy buy orders on the order book )

🛑Stop Loss: 37.80 (Reason: Break below the 4H previous high of 38.0 and the 1H previous low, structure is broken )

🚀Target 1: 39.80 (Reason: Resistance at previous high and top of the 4H bullish candle body )

🚀Target 2: 41.50 (Reason: Resistance at the lower boundary of the previous daily support zone )

🛡️Trade Management:

- Position size suggestion: Standard position (Reason: Clear 4H breakout structure, risk-reward ratio >1.5 )

- Execution strategy: If the price surges immediately after entry, reduce position by 50% near Target 1, and move the remaining stop loss to the entry price. If the price consolidates in the entry zone for more than 4 one-hour candles without rising, consider halving the position or exiting at breakeven.

Deep logic: The 4H candles have formed a classic “breakout-retest” structure, with buy depth (bid_ask_ratio_depth=1.03) slightly in favor, indicating strong support below. The 1H RSI (58.17) is in a healthy bullish zone, with room to go higher. Market logic suggests rising prices, but stable OI indicates it’s not purely a short squeeze; there may be institutional support or new longs entering. ATR is 1.48, making the stop loss distance reasonable.

Trade here 👇 $DASH

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