$DASH pumped very strongly from the 56 – 58 area and pushed all the way up near 89, showing heavy buying and strong momentum. After that big move, price cooled down and is now trading around 80 – 81, which is a normal consolidation zone after a pump. The main resistance sits around 83 – 85, where price previously struggled to move higher. On the downside, 78 – 76 is the first support zone, and below that 74 – 72 is a stronger support where buyers stepped in earlier. After a big rally, price often moves sideways or pulls back before the next move.

This is not a long-term reversal, but a short-term range scalp after a pump. Momentum has slowed and price is moving sideways, which increases the chance of a pullback from resistance. If sellers step in near the upper range, price can move back toward support for a quick scalp. Invalidation is clear — if a strong 15-minute candle closes above 85, the short idea is wrong and strength is continuing. Trade patiently, take profits fast, and don’t chase price.

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DASH

81.59

+11.72%