đ¨ $DYDX /USDT AT CRITICAL TURNING POINT â POTENTIAL REVERSAL OR BREAKDOWN? đ¨
The DYDX/USDT 15-minute chart reveals a key descending support line, which has just been tested at $1.1870. The price is consolidating at this level, which is crucial for either a bounce or a continuation downward. Bulls must hold this line to avoid further bearish action.
đĄ Entry Strategy đĄ
⢠Short-term Entry: If support at $1.1870 fails, a short position can be considered with a target toward $1.1500, and stop loss above $1.2000.
⢠Long-term Entry: A breakout above $1.2500 resistance could signal bullish strength, with a potential rally towards $1.3500. A safe entry is above $1.2500, with a stop loss around $1.2000.
đ Key Levels to Watch
⢠Support: $1.1870
⢠Resistance: $1.2500
⢠Next Target (Down): $1.1500
⢠Next Target (Up): $1.3500
đ¨ Stay sharp, as a breakdown could trigger more panic, but a breakout may invite momentum traders back in for a big move!
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