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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