1. The current recommended direction is to short$DASH. The current structure is weak, and the price continues to be suppressed by the dominant downtrend line. Recent rebounds have failed to recover key support, clearly indicating a seller-dominated market. Any upward movement should be considered a technical correction; be wary of the risk of "overextending" the rally. It is not advisable to long until a clear structural breakout is achieved. 2. Position and Risk Management Recommendations: It is recommended to short with a small short or remain on the sidelines to avoid heavy buying. Pay close attention to trendline resistance levels and maintain a defensive stance until a breakout occurs. There are no specific stop-loss or take-profit points, but it is advisable to set a stop-loss near the trendline to guard against the risk of a false breakout. There are no specific timeframes; emphasis is placed on continuously monitoring structural changes and adjusting strategies accordingly. 3. This trading style strategy is suitable for aggressive short-term traders and trend followers, focusing on quick entries and exits and avoiding prolonged positions. Given the current lack of clear catalysts, the market remains seller-dominated; any rebound should be seen as an opportunity to exit. It is suitable for buying low and selling high. Conservative investors are advised to remain on the sidelines and wait for confirmation of a breakout.
DASH: Summary of Binance Killers Community Discussions (02:00:10 ~ 03:00:10)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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