DASH Chart Signal: Bullish Breakout After 1000+ Days? Ladder Up with Low Risk!
Dash (DASH) might be waking from a slumber! After trading below a crucial trendline for over 1,000 days on the weekly chart, DASH has recently broken above and retested it. This technical setup could signal a potential bullish reversal.
Here's why this could be your entry point:
Long Downtrend Broken: The 1,000+ day downtrend signifies a strong resistance level. Breaking and retesting this level is a bullish indication.
Ladder Strategy for Minimized Risk: Gradually enter your position with smaller buy orders at progressively lower prices. This helps you average out your entry cost and potentially capitalize on a dip.
Low Leverage & Small Position Size: Manage risk by using lower leverage (e.g., 2x) and allocating a small percentage of your capital (e.g., 1%) per trade.
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