Bearish take for Dash
Diupdate
Most of the people think Dash will break a triangle and go up. This on the table, but right now the long term of Dash is looking quite bearish to me. We are going to close a daily candle about 1 hour from this being posted, and that daily candle closing below the bear flag support line would make it active.
KEEP IN MIND! There is a pretty strong support at the current price level as shown on the chart with the white support line at the triangle bottom. The optimal entry is to short on the break and retest of the support level. So no trade will be active until that happens, and we also need at a 4 hour candle close below this level. The idea can be invalidated with minimal loss if the support level is reclaimed. We are also willing to take the bullish side of this trade if the triangle shown in white from the smaller time frames can be broken to the upside.
Low risk, high reward, low probability to succeed.
KEEP IN MIND! There is a pretty strong support at the current price level as shown on the chart with the white support line at the triangle bottom. The optimal entry is to short on the break and retest of the support level. So no trade will be active until that happens, and we also need at a 4 hour candle close below this level. The idea can be invalidated with minimal loss if the support level is reclaimed. We are also willing to take the bullish side of this trade if the triangle shown in white from the smaller time frames can be broken to the upside.
Low risk, high reward, low probability to succeed.
Trade aktif
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