【$DASH Signal】1H timeframe decreasing volume pullback, hiding in EMA20 support for rebound

$DASH The 1H timeframe is currently pulling back with decreasing volume to test the key EMA20 support, with prices oscillating narrowly within the 34.7-35.2 range. The 4H timeframe remains in a low-position consolidation after a downtrend, but the EMA20 (35.00) and EMA50 (34.39) on the 1H chart form a golden cross support, RSI (48) is in a neutral to weak zone, indicating potential for a rebound. Currently, the buy order depth at 34.6-34.7 is unusually thick, showing the main force is defending the price, combined with stable open interest (OI), this is a typical structure of a decline exhaustion and potential rebound buildup.

🎯Direction: Long (Long)

🎯Entry/Order: 34.70 - 34.80 (Reason: 1H EMA20 dynamic support zone, combined with dense buy orders )

🛑Stop Loss: 34.40 (Reason: Break below 1H EMA50 and previous hour’s low, structure broken )

🚀Target 1: 35.50 (Reason: 1H previous high resistance and near the opening price of the day )

🚀Target 2: 36.00 (Reason: Rebound high on February 25, key resistance on the 4H timeframe )

🛡️Trade Management:

- Position suggestion: Light position (Reason: 4H trend not fully reversed, a small reversal against the larger trend )

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price (break-even). If the price cannot hold above 35.00 and falls below the entry zone again, exit immediately.

Depth logic: Order book imbalance is -7.35%, with slightly more sell pressure than buy pressure, but there are over 4,000 buy orders stacked at 34.6-34.7, forming a strong support wall. The 1H RSI has not entered oversold territory before stopping the decline, indicating a strong correction. Market logic suggests the price will rise, but with stable OI, ruling out a short squeeze, it appears the main force is accumulating at key levels to defend the price, preparing for the next upward move.

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