#SaylorBTCPurchase #TradingTypes101
Let's break down the analysis for$DYDX /USDT:
*Current Situation:*
- Price: $0.5850 (up 6.99%)
- After a strong rally, the price pulled back but shows early signs of bouncing on the 30M chart
*Key Levels:*
- Immediate Resistance: $0.5980
- Support Zone: $0.5700 – $0.5600
*Trade Setup:*
- Entry Zone: $0.5800 – $0.5850
- Take Profit Targets:
- TP1: $0.5980
- TP2: $0.6150
- TP3: $0.6400
- Stop Loss: $0.5560
*Market Analysis:*
- Uptrend forming higher highs
- Current dip might be a retest of prior support flip
- Confirmation needed with a strong bullish candle above $0.5900 to validate continuation
*Action Plan:*
- Look for a breakout above $0.5980 with volume to confirm the uptrend
- Don't miss the opportunity if DYDX breaks above resistance with strong momentum
This analysis suggests a potential bounce opportunity, but caution is advised until the price breaks above the resistance level with strong volume.