DYDX/USDT 4H


Chart Analysis Summary

Current Price: ~0.6047 USDT

Trend: Recently broke structure (CHoCH), showing a bullish move.

Indicators:

Break of structure (BOS) confirmed near ~0.5400 USDT.

Price is above the 20 SMA and testing previous supply.

Price is at a key resistance (upper bound of CHoCH zone).

Zones:

Demand (Support): 0.5400–0.5600 USDT

Supply (Resistance): 0.6400–0.6800 USDT

Descending trendline: Still valid, but currently being tested.

✅ Trade Setup: Long Position

Entry Zone:

Ideal Entry: Around 0.5900–0.6050 USDT

Currently testing resistance, wait for slight pullback or confirmation candle above 0.6100.

Stop Loss (SL)

Below the recent demand zone:

SL: 0.5600 USDT
(Tighter SL if aggressive: 0.5750)

Take Profit (TP)

Use nearby resistance/supply zones for TP levels:

TP1: 0.6400 (first supply zone)

TP2: 0.6800 (next strong supply zone)

TP3 (extended): 0.7500 (strong high)
DYDX2.57%
MOVE4.33%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)