The DYDX/USDT chart shows a significant price surge, moving from $0.9487 to a peak of $1.3500, reflecting a strong bullish momentum with a 22.20% increase in the last 24 hours. Currently, the price is consolidating around $1.2367 after hitting resistance at $1.3500.
Key Levels:
Resistance: $1.3500 (recent peak)
Support: $1.0074 (24-hour low)
Strategy:
Entry: Consider entering around $1.2367 (current level), provided the price holds above the support at $1.0074.
Stop-Loss: Place below $1.0074 to manage risk.
Target: A breakout above $1.3500 could lead to further gains, offering a higher risk/reward ratio.
Monitor the price action for a potential continuation of the upward trend or consolidation around the support level.
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