【$DASH Signal】1H Oversold Rebound Play + 4H Downtrend Channel Bottom Setup

$DASH The 1H timeframe has entered an extremely oversold zone, with RSI dropping to 27.45, and the price is testing recent support lows. The 4H timeframe is within a clear downtrend channel, with the current price near the channel's lower boundary, indicating a technical rebound possibility. Open interest remains stable, the price is declining but without triggering large-scale liquidations, possibly a shakeout.

🎯Direction: Long (Long)

🎯Entry/Order: 33.10 - 33.20 (Reason: Support at the lower boundary of the 4H downtrend channel + 1H RSI oversold )

🛑Stop Loss: 32.70 (Reason: Break below recent 1H low of 32.84, confirming continued decline )

🚀Target 1: 34.00 (Reason: 1H EMA20 resistance + previous minor support level )

🚀Target 2: 34.60 (Reason: Previous high resistance zone on the 4H timeframe )

🛡️Trade Management:

- Position Size: Light (Reason: The 4H main trend is still downward; this is a counter-trend rebound play )

- Strategy: Reduce position by 50% after reaching Target 1, and move stop loss to entry point. Hold remaining position for Target 2. If the price consolidates in the entry zone for more than 4 one-hour candles without upward movement, consider exiting early.

Deep Logic: Market depth shows buy orders significantly thicker than sell orders (depth imbalance of 10.75%), with only 6.6 coins at the best ask, so slight buying pressure can trigger a rebound. Negative funding rate of -0.021% suppresses excessive shorting. The 1H candle near 33.2 shows a lower shadow, indicating buyer support. This is a typical oversold zone pinning strategy, aiming for a technical rebound toward the channel's upper boundary.

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