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
DYDX-7.45%
MOVE-3.92%
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GateUser-d61883b6vip
· 08-02 19:48
very good bro fighting✌️
Reply0
GateUser-d61883b6vip
· 08-02 19:48
1000x Vibes 🤑
Reply0
GateUser-d61883b6vip
· 08-02 19:48
1000x Vibes 🤑
Reply0
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