$DYDX /USDT – Long Position Setup (4 Hours)
📈 Market Structure:
DYDX showed a strong bullish rebound in the demand area of 0.18–0.19, creating a powerful upward movement. This performance indicates that buying interest has begun to emerge after a prolonged decline, suggesting a potential short-term trend reversal or rebound.
🔵 Entry Range:
0.192 – 0.196
🎯 Target Levels:
TP1: 0.205
TP2: 0.218
TP3: 0.235
❌ Stop Loss Level:
0.182 (located below the demand area and recent lower shadow low)
🗝 Key Price Levels:
Support Level: 0.182 – 0.190
Immediate Resistance: 0.205
Major Resistance: 0.218 – 0.23
🧠 Trading Idea:
As long as the price remains above 0.182, bullish momentum remains effective. If the price effectively breaks above and closes firmly at 0.205, the upward movement is expected to accelerate, targeting above 0.22. If the demand area is lost, this trading idea will become invalid.
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