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The recent crypto market has been quite interesting. The recent movement of DASH provides a good example to discuss how to capture opportunities in such market conditions.
From a technical perspective, DASH experienced several clear waves over 9 days. It first moved up from a low of 58.75, reaching 86.32 where profit-taking pressure emerged, a typical short-term bull top signal. Then it found support at 77.6 and pushed up again to 95.4, forming a clear upward channel—this kind of movement is like honey for traders chasing the high.
Interestingly, when the price approached around 93.6, market sentiment clearly shifted. That evening’s large bearish candle directly pushed the price down to 73.5, a nearly 20% drop, which presented an opportunity for short sellers.
From this wave of market movement, a few key points can be observed: First, technical patterns are very important; a clear upward channel often attracts follow-up funds. Second, be aware of risks at high levels; around the 95-dollar mark is often where major players take profits. Third, when reversal signals appear, act decisively and don’t hold onto illusions.
The volatility in the crypto market is so high that opportunities and risks always coexist. Stable returns require good strategies and strict discipline, which cannot be achieved by luck alone.