🚨 $DYDX /USDT AT CRITICAL TURNING POINT – POTENTIAL REVERSAL OR BREAKDOWN? 🚨
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.
💡 Entry Strategy 💡
• 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.
📉 Key Levels to Watch
• Support: $1.1870
• Resistance: $1.2500
• Next Target (Down): $1.1500
• Next Target (Up): $1.3500
🚨 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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