$DYDX $DYDX The $DYDX /USDT pair is currently in a downtrend, with the price making lower highs and lower lows. The recent price action suggests that the bears are in control, and further downside potential is likely.

Support and Resistance

Strong Support: The 0.9058 level has acted as a strong support level in the past. A break below this level could trigger further downside movement.

Immediate Resistance: The 1.1312 level is acting as immediate resistance. A break above this level could signal a potential trend reversal.

Entry Signal

Given the current bearish trend, a bearish entry signal could be triggered if the price breaks below the 0.9058 support level with strong selling volume. A stop-loss can be placed just above the immediate resistance level at 1.1312.

Risk Management

As with any investment, it's crucial to implement proper risk management strategies. This includes setting stop-loss orders to limit potential losses and taking profits at predetermined targets.#BinanceBlockchainWeek #16thBTCWhitePaperAnniv #USADPSurges #USPCEExceeds #Write2Earn!