$DYDX Market Update

Long Liquidation: $19,829 at $1.585

This suggests increased selling pressure as buyers exit their positions.

Buy Zone

Entry Range: $1.550 to $1.585

Wait for signs of stability or a reversal pattern before buying in this range.

Target Levels

1. First Target (T1): $1.650 (Short-term bounce)

2. Second Target (T2): $1.750 (Stronger upward momentum)

Stop Loss

Stop Loss: $1.500

Set this to protect against deeper declines.

Key Observations

Volume Analysis: Increased buying volume near $1.585 indicates potential support.

Trend Confirmation: A close above $1.600 confirms the upward momentum.

News Impact: Monitor for any news related to $DYDX or broader market conditions that could influence the price.

Risk-Reward Plan

Target a 1:2 risk-reward ratio to manage risk effectively.

Trade carefully and keep your strategy intact!

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