$DYDX

USDT BULLISH BREAKOUT – CAN THE RALLY EXTEND TO NEW HIGHS?

DYDXUSDT has shown a strong bullish rally from the 0.5000 region, breaking multiple resistances to reach near its daily high. Currently, price is consolidating slightly below the recent high, indicating buyers are preparing for another possible push upwards.

🔑 Key Levels

Resistance: 0.5448 (24h high)

Support: 0.4992 (24h low), minor support at 0.5300

Current Price: 0.5355

📈 Trade Setup (Long)

Entry Zone: 0.5320 – 0.5360

Targets (TP):

TP1: 0.5410

TP2: 0.5450

TP3: 0.5520 (if momentum sustains)

Stop Loss (SL): 0.5260

🌐 Market Outlook DYDXUSDT shows strong bullish structure with higher highs and higher lows on the hourly timeframe. As long as price holds above 0.5300 support, the market remains biased to the upside targeting a retest of 0.5448 and possible extension towards 0.5520.

⚠️ Risk Management Always use a strict stop loss to protect capital. Avoid risking more than 1-2% per trade and ensure you enter only within planned entry zones to maintain a strong risk-reward ratio.

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