【$DASH Signal】Pullback to accumulate for rebound, 1H RSI bottom divergence setup

$DASH The 1H timeframe is oscillating near a critical support zone around 33.6-33.7, with RSI(1H) dropping to 36.5, entering oversold territory, forming a potential bullish divergence with price. Although the 4H timeframe is in a downtrend channel, open interest remains stable, with no signs of panic selling, indicating that the main force may be defending the market here. The current price decline accompanied by strong buy-side depth (bid_ask_ratio_depth=1.26) makes this a classic【pullback to accumulate】sniping level.

🎯Direction: Long (Long)

🎯Entry/Order: 33.60 - 33.70

🛑Stop Loss: 33.30

🚀Target 1: 34.50 (4H EMA20 resistance)

🚀Target 2: 35.20 (Near previous high)

🛡️Trade Management:

- Position size recommendation: Light

- Execution strategy: If the price quickly rebounds above 34.10 (1H open price) after entry, move the stop loss to break even at the entry price. After reaching Target 1, reduce position by 50%, and move the remaining stop loss above the cost basis to aim for Target 2. If the price consolidates in the entry zone for more than 4 consecutive 1H candles without a move, consider exiting early.

Depth logic: The order book shows dense buy orders accumulated in the 33.5-33.6 range (over 3000 coins), forming a solid support. Open interest remains stable, and the price decline has not triggered a liquidation event, implying it’s not main force distribution but short-term liquidation caused by long squeeze. If the 1H RSI bottom divergence holds, combined with a negative funding environment, it could easily trigger a short covering rebound. On the 4H timeframe, watch whether the price can hold above 34.4 to confirm a trend reversal.

View real-time market 👇 $DASH

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