🟢 $DYDX – Bullish Momentum Building for the Next Leg Up 🟢
Current Price: $0.6020 (+11.46%)
After a healthy pullback, $DYDX is showing renewed strength, with buyers stepping back in and defending the key $0.60 psychological level. The recent surge in momentum suggests the bullish wave is far from over and may soon continue with another leg higher.
🔹 Support & Resistance Levels
Resistance: $0.6100
Support: $0.5880
📈 Trade Setup (Long Idea)
Entry Zone: $0.5980 – $0.6030
Stop Loss: $0.5880
Targets:
🎯 TP1: $0.6125
🎯 TP2: $0.6200
🎯 TP3: $0.6300
🧠 Market Insight
Despite recent volatility, DYDX is holding firm above support, signaling continued buyer interest. A breakout above the $0.6100 resistance could spark a fresh bullish wave, making it a favorable setup for momentum and breakout traders. As long as price remains supported, the upside potential remains intact.
📌 Note: Ideal for quick scalps or extended swing plays. Keep a close watch on volume as price approaches resistance.