$DYDX tareding signals
DYDX
1.2734
+31.08%
The chart shows the DYDX/USDT pair with significant upward momentum, indicated by the 28.22% increase to $1.2230. The price peaked at $1.35 within the last 24 hours and found a low at $0.9475. Below is a professional analysis for both long and short trades:
1. Long Entry: A potential buy point is around $1.22, slightly above the MA(7) line, showing recent consolidation after the price spike.
2. Stop Loss (Long): Set a stop loss below the MA(25) line at $1.15, as this level may act as dynamic support.
3. Target (Long): The next resistance zone is around $1.35, aiming for a retest of recent highs.
4. Short Entry: A short can be considered if the price drops below $1.15, showing bearish momentum after rejection at the high.
5. Stop Loss (Short): Place a stop loss around $1.25, just above the MA(7), to limit upside risk.
6. Target (Short): The target is $1.00, the psychological support and close to the previous low.
The overall trend suggests caution, as the price is experiencing volatility, but momentum remains strong for both long and short trades depending on breakout direction#MemeCoinTrending #WhichMemeCoin? #SCRSpotTradingOnBinance #USRetailSalesBoost #BTCSoarsTo68K
