$DYDX 🚀 BULLISH MOMENTUM 🚀

Market Snapshot

Current Price: Approximately $0.6416 USDT

24h Volume: About $4.45 million USDT

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Fibonacci Setup & Key Levels

Drawing retracement from recent swing high/low (e.g., $0.6309 → $0.5958), the 61.8% Fibonacci retracement lies near $0.623, which has acted as strong support. The next Fibonacci zone—78.6%—is around $0.635. The current price is hovering above these levels, suggesting potential bullish foundation.

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dYdX Trading Strategy Plan

1. Support Bounce Long (Low-Risk Entry)

Entry Zone: $0.623 – $0.635 (support + 61.8–78.6% Fib)

Stop-Loss: Below $0.615

Targets:

T1: $0.650 (near current price zone)

T2: $0.675 (recent swing high area)

T3: $0.705–$0.715 (extended resistance breakout)

Strategy Summary

Trade Type Entry Zone Targets Stop-Loss

Pullback Long $0.623–$0.635 $0.650 → $0.675 → $0.705+ < $0.615

Breakout Long > $0.650 $0.675 → $0.705 → $0.750+ < $0.635

Rejection Short ~$0.650 <$0.623 back to support > $0.660

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Confirmation & Risk Notes

Validate entries with volume surges and momentum indicators (RSI/MACD).

Position sizing: Risk no more than 1–2% of total capital per trade.

Always align with larger trends and avoid relying solely on Fibonacci indicators.

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