$DYDX The recent long liquidation of at $1.572 indicates that sellers are still in control, and the price might face resistance around that level. Here is a detailed trading plan for DYDX.

Market Overview.

Current Price. Check real time price to confirm it aligns with key levels.

Volume Analysis. Look for increasing volume at support or resistance zones to confirm breakouts or reversals.

Trend: DYDX appears to be in a bearish trend on higher timeframes, but we can watch for reversal signals.

Trading Strategy. Long Position

Buy Zone.

Primary Entry. $1.500 - $1.540

Secondary Entry. $1.450 if price falls further for better risk reward.

Targets.

Target 1: $1.620

Target 2: $1.670

Target 3: $1.720 (if momentum continues)

Stop Loss.

Place your stop loss below the $1.450 support zone to minimize risk.

Key Technical Levels.

1. Resistance Levels.

$1.572 recent liquidation level.

$1.620 first resistance.

$1.670 strong resistance from past data.

2. Support Levels.

$1.500 local support.

$1.450 strong support; potential bounce area.

Risk Management Tips.

Risk-Reward Ratio. Aim for at least 1:2 or better.

Use no more than 2% of your total trading capital for this trade.

Watch for high volume on price breakout above $1.572 or bounce around $1.450 for strong confirmation.

Next Steps.

1. Wait for DYDX to reach the buy zone.

2. Monitor volume and candlestick patterns look for bullish engulfing or hammer candles.

3. Stick to the targets and Stop loss levels strictly.

Disclaimer.

This is not financial advice. Always perform your research and trade with caution.

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