Trade Recommendation: Dash

This is a short term trade and it based on a possible continuation of the upward movement. The price broke SMA100 and it gave us a trend reversal signal. After retracement to the support zone formed by SMA100 and 0.070000 support level, we get a new buy opportunity. The price bounces from this zone and RSI confirms price reversal. MACD supports upward movement. Entry level is 0.071600 with stop at 0.069500 level. Profit targets are 0.074000 and 0.078000 resistance levels. If you don’t use leverage, trading volume for this trade is up to 5% from your deposit.

Buy: 0.071600
Stop: 0.069500
Profit Targets: 0.074000 and 0.078000

The trading signal is based on Binance chart.
Disclaimer: The analyst does not have investments in Dash.

Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.