$DYDX: IS A BIG RECOVERY SETUP FORMING ..?
DYDX is testing a rising support zone that has held price several times. Buyers have stepped in around this trendline, making it a key area to watch. The weekly close will be important.
If support holds and momentum improves, the next resistance levels are $0.1447, $0.2003 and $0.2456. These are possible upside levels, not guaranteed targets.
A weekly breakdown below the trendline would weaken the setup, with $0.0786 as the next major support. RSI remains below 50, so bullish confirmation is still needed.
#Crypto #CryptoTrading #LEO524
DYDX is testing a rising support zone that has held price several times. Buyers have stepped in around this trendline, making it a key area to watch. The weekly close will be important.
If support holds and momentum improves, the next resistance levels are $0.1447, $0.2003 and $0.2456. These are possible upside levels, not guaranteed targets.
A weekly breakdown below the trendline would weaken the setup, with $0.0786 as the next major support. RSI remains below 50, so bullish confirmation is still needed.
#Crypto #CryptoTrading #LEO524
