Expect a short-cover rebound?1) DASH has finished 5 wave down and hit the major support line, a rebound can happen anytime. Quite a few cryptocurrency are in similar position.
2) Since its first day in the market, most of people have seen V.Dash's poor timing, and it would meet the major down wave of all cryptocurrency. Hence shorting was a reasonable tactics. By Feb.01, V.Dash has 3.37 million short traded.
3) From the hourly charts, I guess most of the shorts were made around 70 cents in the first day, now they have won a lot.
So, could it be the right time to cover their short position? Hence I bought some around 32c, hope it is a good buy. JMHO