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Recently, DASH's recent market movement has indeed been quite surprising. From an entry point around 45, it has risen all the way to over 80, with a fierce trend and strong momentum, seeming to have a chance to hit three digits. However, a closer look at the charts over the past two days suggests that things might not be that simple.
Yesterday afternoon's rapid plunge of 10 points was indeed unusual. More intriguing is that after the dip, the price immediately turned sideways and oscillated, appearing to be absorbing orders and gathering strength. This trading pattern has the flavor of a manipulator—first a pullback to test the waters, then collecting chips at lower levels.
From a trading perspective, this rhythm is very risky. Profits that are just in the mouth can easily be wiped out by a reverse operation. To be safe, many traders choose to take profits here. Small test orders performed quite well, with a $100 entry ultimately yielding a $3,800 profit, nearly 38 times the return. Such results are already quite satisfying.
The key going forward is to keep an eye on the trends of mainstream coins and altcoins, and to look for the next opportunity to position during this phase. The market always has opportunities, but the premise is to exit alive.