Here is your professional and structured technical analysis post for the shared DYDX chart:
⚠️ $DYDX USDT – BULLS PUSH UP BUT FACE STRONG MA60 RESISTANCE!
DYDX is trading at $0.5302, up +4.82%, but still remains below its MA60 at $0.5394. This indicates that although bulls are trying to gain control, the strong resistance at MA60 is holding back further upside for now.
🔻 Trade Setup (Short Entry):
Entry Zone: $0.5300 – $0.5350
Targets (TP):
➤ TP1: $0.5200
➤ TP2: $0.5100
Stop Loss (SL): $0.5400
📊 Market Outlook:
With 51.61% sell pressure, market sentiment is slightly bearish despite today’s gain. A clear breakout and retest above MA60 is needed to shift bias bullish. Until then, price may remain under selling pressure near resistance zones.
💡 Risk Management:
Use strict SL and risk only 1-2% per trade to maintain capital safety in range-bound market conditions.
#DYDX #DYDXUSDT #BearishSetup #CryptoTrading #CryptoExport01
buy and trade here on $DYDX
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