Dash Perpetual Futures Prepare for the 40 % Breakout
Updated
Dash is currently Trading within a falling wedge
and rejecting at the POC on the 4HR TF .
On the 1D TF we can see clearly whats happening
after ATH was printed we are now moving between
S/R .
I anticipate that we make our way down to
print another LL with support and confluences
at the support line of the wedge with the .786 fib
and the 100 EMA and a
Volume profile match to give us a bounce off the support.
With a close outside of the Resistance for a Long and SL placed
below the last swing low for a potential 40 % gain .
This is determined by measuring the wedge opening .
As demonstrated in the chart ...
Follow and Like For More Setups and or Trading Questions
and rejecting at the POC on the 4HR TF .
On the 1D TF we can see clearly whats happening
after ATH was printed we are now moving between
S/R .
I anticipate that we make our way down to
print another LL with support and confluences
at the support line of the wedge with the .786 fib
and the 100 EMA and a
Volume profile match to give us a bounce off the support.
With a close outside of the Resistance for a Long and SL placed
below the last swing low for a potential 40 % gain .
This is determined by measuring the wedge opening .
As demonstrated in the chart ...
Follow and Like For More Setups and or Trading Questions
Note
Playing out as planned, alerts are set for a break of 260 regionNote
We broke up to $290 and pullued back for a test at the 260 area ... waiting to see if we flip this resistanceNote
Targets now hit with 20 % still running on a trailing stop . Excellent tradeNote
STOP HIT * FORGOT TO UPDATETrade closed: stop reached
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