【$DASH Signal】Pullback for a rebound after a correction, 1H RSI oversold recovery

$DASH The 1H timeframe is experiencing an oversold recovery after a sharp decline. Although the 4H level broke below the EMA50 support, the current price has already reached a key support zone. Negative funding rate + firm price + stable open interest suggest a short squeeze may be brewing, and a short-term rebound could be imminent.

🎯Direction: Long (Long)

🎯Entry/Order: 35.70 - 35.90 (Reason: The previous 1H candle's low support zone, also near the current price, initiating a rebound game)

🛑Stop Loss: 35.20 (Reason: Breaking below the intraday low strengthens the bearish structure)

🚀Target 1: 37.00 (Reason: The previous small resistance on the 4H chart, also near EMA20)

🚀Target 2: 37.80 (Reason: The starting point of the 4H downtrend, a key resistance level)

🛡️Trade Management:

- Position suggestion: Light position (Reason: The 4H trend remains bearish; this is a contrarian rebound game with higher risk)

- Execution strategy: After reaching Target 1, move the stop loss up to the entry price. Hold remaining position towards Target 2. If the price hovers in the entry zone for more than 2 1H candles without a rebound, exit proactively.

Deep logic: The price dropped sharply on the last 4H candle with increased volume, but current 1H buy depth shows support. Negative funding rate (-0.0124%) persists; if the price does not make a new low, short covering will fuel the rebound. RSI on the 4H is at 39, approaching oversold, and the 1H shows a bullish divergence recovery. Stable open interest indicates it’s not a complete liquidation of longs, possibly a shakeout by the main players.

View real-time market 👇 $DASH

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