#DASH/USDT – Bullish Breakout Setup | 1H Chart Analys

#DASH

The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is heading towards a breakout, with a retest of the upper boundary expected.

The Relative Strength Index (RSI) is showing a downward trend, approaching the lower boundary, and an upward bounce is anticipated.

There is a key support zone in green at 31.00, and the price has bounced from this level several times and is expected to bounce again.

The indicator shows a trend towards consolidation above the 100-period moving average, which we are approaching, supporting the upward move.

Entry Price: 33.10
First Target: 33.56
Second Target: 35.00
Third Target: 36.76

Stop Loss: Below the green support zone.

Don't forget one simple thing: Money Management.

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Thank you.