$DYDX $DYDX 💥DYDX/USDT Market Analysis
#DYDXLong Market Overview:
Last Price: $1.302 (+2.52%)Mark Price: $1.30224h High: $1.33224h Low: $1.24624h Volume:DYDX: 61.58MUSDT: 79.44M
Key Moving Averages:
MA(7): $1.290MA(25): $1.281MA(99): $1.290
Support and Resistance Levels:
Support:$1.276$1.258 (24h Low)$1.246 (24h Low)Resistance:$1.332 (24h High)$1.318$1.315
Volume & Momentum:
Volume: 522,193 DYDX, with a total of 79.44M in USDT, suggesting moderate activity in the market.Momentum: The price is currently just above the MA(7), indicating potential for a continuation of the bullish momentum, but it will depend on the resistance levels holding or breaking.
Potential Trading Strategy😍
#SCALPING_IDEAS Scalping:
Entry: $1.302 - $1.310Targets:$1.318$1.332 (24h High)Stop Loss: $1.276
Day Trading:
Entry: $1.290 - $1.300Targets:$1.318$1.332Stop Loss: $1.258
Swing Trading:
Entry: $1.270 - $1.290Targets:$1.332$1.350Stop Loss: $1.246
Analysis Highlights:💥
Bullish momentum is present, with the price trending above the 7-period moving average.Key resistance at $1.332 will be critical; a breakout above this level could signal a larger move upwards.Support at $1.258, $1.246 is critical for managing risk in case of any pullback.
$NEAR