📊 $DYDX / USDT — 1H
DYDX is trading around 0.0824, and from the current market structure price is reacting inside a support zone. With the way the market is positioned, I think price should push from this current zone. This area has been a strong reaction point recently, and I’m watching to see if buyers step in again to drive price higher. I also want to see more bullish candlesticks breaking out from the current resistance that has been holding price down.
Key Levels
0.0824 — current price
0.0840 — support zone
0.0880 — resistance
0.0985 — upside target
Market Structure
Price has been consolidating inside the support zone, and as long as this level continues to hold, the bullish continuation idea remains valid. A clean breakout above 0.0880 would confirm strength and open the move toward 0.0985, which aligns with the next major high on the chart.
Outlook
I’m watching for bullish candlestick confirmation from the support zone and a breakout above 0.0880 and make a good retest
If buyers take control, the next leg toward 0.0985 becomes the main target.