📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
DYDX/USDT daily chart
Current Price: $0.5353
Trend: Recent bearish move after rejection from ~0.71
Support Zones:
$0.5250 (minor)
$0.4780 (key demand zone / structure support)
$0.4120 (strong historical demand)
Resistance Zones:
$0.5660 (previous support flipped resistance)
$0.6300–0.6600 (supply area)
Indicators:
Price below 20 SMA (bearish)
Bollinger Bands widening – potential increased volatility
Price testing mid-structure support zone
Entry Level Strategy
🔹 Option 1: Conservative (Safer)
Entry: ~$0.4780 (bounce from demand zone)
Stop Loss: $0.4080 (below previous low)
Target 1: $0.5660
Target 2: $0.6300
Risk-Reward (approx.): 1:2.5 or better
Option 2: Aggressive (Riskier)
Entry: ~$0.5250 (near current level; minor support)
Stop Loss: $0.4870
Target 1: $0.5660
Target 2: $0.6000–0.6300
Risk-Reward (approx.): 1:2
Avoid Entry
Price breaks below $0.4780 and closes below it on the daily.
Volume is low during any bounce (false breakout potential).
Summary Table
Strategy Entry Stop Loss Target 1 Target 2
Conservative $0.4780 $0.4080 $0.5660 $0.6300
Aggressive $0.5250 $0.4870 $0.5660 $0.6000