【$DASH Signal】Bullish Rebound! 1H Oversold Bounce + 4H Key Support Test

$DASH The 1H timeframe formed a long lower shadow near 37.66, indicating a potential double bottom pattern. RSI(1H) rebounded from oversold territory to 41, showing short-term selling pressure weakening. The 4H price retraced to test the EMA50(37.62) support and then bounced back, but overall remains in the 38-41 oscillation zone, which is the critical support line for bulls.

🎯Direction: Long (Long)

🎯Entry/Order: 38.10 - 38.25 (Reason: 1H candlestick stabilized above the 38.0 psychological level, which is also the lower boundary support of the current consolidation zone)

🛑Stop Loss: 37.50 (Reason: Break below the 4H EMA50 and the previous low of 37.66, forming a double bottom neckline)

🚀Target 1: 39.50 (Reason: The previous wave of decline on the 1H level and the EMA20 resistance)

🚀Target 2: 40.50 (Reason: Previous high resistance level on the 4H timeframe)

🛡️Trading Management:

- Position Size: Light (Reason: The 4H trend remains sideways, not a breakout, higher risk)

- Execution Strategy: After reaching 39.50, move the stop loss up to the entry level 38.25 to lock in profits. Hold the remaining position towards 40.50. If the price cannot hold above 38.50, consider exiting early.

Deep Logic: Open interest(OI) remains stable during price declines, indicating no panic selling and suggesting funds are absorbing. Market depth shows sell orders accumulating around 38.3-38.4; a breakout could trigger short covering. The 1H RSI shows initial bullish divergence, combined with negative funding rates, indicating potential short squeeze. The key is whether the price can quickly recover and hold above 38.5.

Trade here 👇 $DASH

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