DASH/USDT: Testing MA60 Resistance Amid Decline ⚡📉
DASH is trading at $64.67, down by -4.01% today, facing selling pressure near the MA60 resistance. The price is currently below the 60-period moving average ($64.97), which is now acting as immediate resistance. The daily range is defined by a high of $68.40 (major resistance) and a low of $62.31 (near-term support), indicating ongoing consolidation.
Trading Idea (Testing Resistance and Playing the Break):
Scenario 1 (Sell on MA60 Rejection):
Entry Zone: $64.50 – $64.90 (on rejection at MA60)
Stop Loss (SL): Above $65.50 (break of MA60 resistance)
Take Profit Targets (TP):
TP1: $63.50 (initial target)
TP2: $62.50 (approaching the 24-hour low)
Scenario 2 (Buy on MA60 Break):
Entry Condition: Clear break and hold above $65.00
Stop Loss (SL): Below $64.00
Take Profit (TP): $66.50 → $67.50
Trading volume is moderate at $29.76 million. Despite the daily decline, long-term trends remain positive over 30, 90, and 180 days. The reaction at MA60 will be crucial for the near-term direction.