$DYDX

From the analysis of the DYDX/USDT daily chart, the following points and trend judgments can be extracted:

Current Market

• Price: $1.4506, with a 24-hour decline of 1.85%.

• 24-hour highest price: $1.5531

• 24-hour lowest price: $1.3762

• Trading volume: Recent trading volume has gradually decreased, indicating that the market is becoming calmer.

Key Support and Resistance

• Support Levels:

1. $1.37 (near the 24-hour low)

2. $1.28 (MA99 moving average support)

• Resistance Levels:

1. $1.55 (short-term resistance)

2. $1.92 (25-day moving average and important rebound point)

Technical Indicators

1. Moving Average System:

• MA(7), MA(25) moving averages are diverging downwards, indicating a short-term bearish trend.

• MA(99) moving average remains upward, providing some long-term support.

2. MACD: Bearish momentum bars are slowing down but remain in the red, with the trend still bearish.

3. KDJ: Short-term indicators are in the oversold area, which may signal a rebound.

Short-term Trading Suggestions

Long Position Strategy

• Entry Point: Gradually build positions near $1.37

• Take Profit Points: $1.55, $1.92

• Stop Loss Point: $1.32

Short Position Strategy

• Entry Point: Short after breaking below $1.37

• Take Profit Points: $1.28, $1.20

• Stop Loss Point: $1.45

Risk Warning

Currently, the price is near an important support level, and there may be a technical rebound in the short term, but the overall downward trend remains unchanged. It is advised to trade with a light position and set a stop loss. If the resistance at $1.55 is broken subsequently, it may turn into a sideways upward movement.

Summary: Pay attention to the key support at $1.37; if it effectively breaks down, it will open further downward space; conversely, there may be a rebound testing the $1.55 resistance zone in the short term.