DASH has recently performed strongly, currently trading around 80.87. In the short term, after a continuous rise, there are obvious signs of overbought conditions, and there is considerable pressure for a correction.
If you haven't built a position yet, chasing the high now carries significant risk. It's better to be patient and wait, looking for opportunities to buy in batches within the 78 to 80 range. If the price falls below 76, you should cut losses and exit.
For those already holding long positions, consider taking some profits around 85, and use a trailing stop at 80 to protect the remaining position. Volume increases are often accompanied by greater volatility, so overall position size should be controlled within 5%. Stop-loss levels must be strictly enforced—don't be soft-hearted.
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GreenCandleCollector
· 14h ago
Wait a moment, chasing the high now is really not good. The true entry point is at the 78-80 level.
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GovernancePretender
· 14h ago
Rushing to buy above 80 is too greedy; I’d better wait for a pullback before entering.
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Taking profit at 85 sounds good, but I’m worried I won’t be able to reach that level.
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5% position? I went all in directly, game over.
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Set stop-loss at 76, feels a bit loose; this market can crash at any moment.
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Don’t buy above 80, really. I got burned there last time.
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Let’s wait and see; anyway, there’s no rush to make that little profit.
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I’ve learned how to move the stop-loss; saves me from constantly watching the charts.
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metaverse_hermit
· 14h ago
Wait a minute, chasing highs now is really crazy. I still want to see if I can scoop up some at 78.
To be honest, overbought should be corrected. I agree with selling half at 85, and let the rest run.
The 5% position suggestion is still worth considering. Don't ask me how I know.
DASH has recently performed strongly, currently trading around 80.87. In the short term, after a continuous rise, there are obvious signs of overbought conditions, and there is considerable pressure for a correction.
If you haven't built a position yet, chasing the high now carries significant risk. It's better to be patient and wait, looking for opportunities to buy in batches within the 78 to 80 range. If the price falls below 76, you should cut losses and exit.
For those already holding long positions, consider taking some profits around 85, and use a trailing stop at 80 to protect the remaining position. Volume increases are often accompanied by greater volatility, so overall position size should be controlled within 5%. Stop-loss levels must be strictly enforced—don't be soft-hearted.