$DYDX
💥DYDX/USDT Market Analysis #DYDXLong
Market Overview:
Last Price: $1.302 (+2.52%)
Mark Price: $1.302
24h High: $1.332
24h Low: $1.246
24h Volume:
DYDX: 61.58M
USDT: 79.44M
Key Moving Averages:
MA(7): $1.290
MA(25): $1.281
MA(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 - $1.310
Targets:
$1.318
$1.332 (24h High)
Stop Loss: $1.276
Day Trading:
Entry: $1.290 - $1.300
Targets:
$1.318
$1.332
Stop Loss: $1.258
Swing Trading:
Entry: $1.270 - $1.290
Targets:
$1.332
$1.350
Stop 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.