DYDX/USDT Analysis: Bullish Outlook
Support and Resistance:
The DYDX/USDT pair has exhibited a strong upward trend, with the current price of $1.2293 marking a significant gain. A crucial support level lies around $1.1182, while the immediate resistance is at $1.3500.
Entry Strategy:
For aggressive traders, a potential entry point could be near the current price, with a stop-loss placed slightly below the recent low. For more conservative traders, waiting for a pullback to the $1.1182 support level might offer a better risk-to-reward ratio.
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