$DASH Signal】Overbought zone high-level consolidation, waiting for a pullback to go long


$DASH 1H RSI 82.91, buy order quote depth ratio 0.93, sell order slightly thicker. The upper band of the 4H Bollinger Bands at 45.15 has been continuously broken through, the price deviates from the middle band at 38.44 by 26%. The MACD histogram is still expanding, but the 1H candlestick shows increased volume and stagnation around 48.5, with trading volume shrinking from 770k to 270k lots.
🎯Direction: Watch (Pending orders)
⚡Entry/Pending order: 48.31 (recommended upper limit of the range, wait for the price to pull back to this level)
🛑Stop loss: 37.11
🚀Target 1: 48.58
🚀Target 2: 48.78
🛡️Trade management: After the pending order at 48.31 is triggered, if the price continues to decline, abandon the position. Reduce position by 50% at Target 1, move stop loss to 48.31 to break even.
Current risk-reward ratio is only 0.02, chasing longs has very low cost-effectiveness, but the 4H bullish trend has not broken, patiently wait for the price to pull back near the middle band of the Bollinger Bands for a more secure entry.
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