DYDX/USDT Analysis: Support and Resistance Overview
Current Price: **1.1265**
24h High: **1.2836**
24h Low: **1.12**
Market Activity: Notable 8.37% decline.
**Support and Resistance Levels:**
- **Support Level:** The price has found support around **1.12**, which has held during recent volatility.
- **Resistance Level:** The key resistance is noted at **1.2836**, where selling pressure has emerged consistently.
**Entry Strategy:**
- **Buy Entry:** Consider entering long positions if the price holds above the support level of **1.12** with a confirmation candle. Look for signs of bullish momentum.
- **Sell Entry:** If the price approaches the resistance level of **1.2836** and shows signs of rejection, a short position may be advantageous.
Always ensure to manage risk effectively and adjust your strategy based on market conditions. Happy trading!
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