$DASH is attempting to build a short-term bottom in a long-term downtrend, but the rebound momentum is insufficient, and the structure remains weak.
🎯 Direction: No Position
Market Analysis: The price is operating below EMA20 (34.84), and the overall trend is still bearish. The 4H level has tested the resistance at 35.15 multiple times without success, forming a local high that has moved downwards. RSI (43.33) is in a neutral to weak area, with no oversold rebound momentum.
Logical Core: The key contradiction lies in data divergence. The funding rate (-0.0009%) is negative, usually indicating that bears dominate or a short squeeze is possible, but the open interest (OI) trend is "stable" and has not significantly increased alongside the price rise, weakening the short squeeze logic. At the same time, the buy order depth is imbalanced (-1.37%) and the buy/sell ratio (0.48-0.52) continues to be below 1, indicating persistent market selling pressure and a lack of strong buying absorption.
Trading Plan: The current price is in a chaotic range (33.77 - 35.15). To go long, one needs to wait for the price to firmly stand above EMA20 and for OI to increase along with the depth imbalance turning positive. To go short, the price needs to break below the recent low of 33.77 and confirm accelerated selling pressure. Currently, neither condition is met, and the win rate is insufficient, making the best strategy to wait and observe.
Trade here 👇$DASH
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