Dydxusdt Trading opportunity

DYDXUSDT has recently exhibited a triple bottom pattern on the daily chart, with a price break above the neckline and a subsequent close back inside. This pattern indicates a potential bullish reversal for the coin, with the main pattern target remaining in the area of $6.93-$7.26.

However, if the price fails to regain the resistance level of $2.717, the best buy zone may be the demand zone area. We should keep an eye on this level as a potential entry point with good bounce is expected.

Furthermore, DYDXUSDT is currently trapped inside a bullish pennant, which should break upwards in a good bullish market. However, we should exercise caution in case it breaks down due to BTC weakness.

As with all technical analysis patterns, it is a must to consider all factors before entering a position, including other technical indicators, fundamental factors, and market sentiment. While the triple bottom pattern suggests a potential bullish reversal, there are always risks and uncertainties involved in cryptocurrency trading.

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Trade aktif

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Price finally breakout from the main setup, this means we are in for bigger move, keep holding and enjoy your profit.