The 0.155 zone in $DYDXUSDT is getting swept and it's a massive bullish signal - we just saw a clean sweep of the lows and now we're pushing upwards, taking out the order block zone.
From a technical standpoint, we're seeing a bullish bias on the higher time frames, with the RSI at 60 and volume at 1.0x, indicating a moderate amount of interest in this move. The SMC Score is at 4.6/10, which isn't extremely high, but given the HTF bias, I'm inclined to trust the bulls here.
Here are the key levels to watch:
- Entry: 0.15589
- Take Profit 1: 0.16426 (RR 1.8x)
- Take Profit 2: 0.17680 (RR 4.5x)
- Stop Loss: 0.15122
The risk/reward is favorable on this long, and with the order block zone now cleared, I'm expecting a push upwards.
Followers, keep an eye on this one - we could see a significant move if the bulls can keep the momentum going.
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