$DASH – Intense Sell-off at 67.7 Peak: Signaling a Deep Technical Correction
Short $DASH
Entry: 57 – 60.5
SL: 64.20
TP: 52.50 – 48.00 – 42.00
Price Action Description:
On the 1H timeframe, $DASH experienced a vertical parabolic move to 67.77 but was instantly met with massive selling pressure. The current candlestick structure is highly bearish, featuring two consecutive long-bodied red candles that have largely neutralized the previous rally. The significant upper shadow followed by lower closes confirms that buyers are exhausted and the bears have taken charge. There is a massive gap between the current price and the MA25/MA99 bands, creating a "magnet effect" for a mean reversion. I expect a sharp correction toward the 48.0 zone as the market seeks a more sustainable equilibrium after this overextended move.
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