Yello, have you seen what #DYDX is doing right now? This textbook falling wedge is running out of space, and the next move will either trap late sellers or leave sidelined bulls chasing.
💎#DYDXUSDT has broken out of its falling wedge pattern, and we’re now waiting for a clean retest of the breakout zone. Once that retest is confirmed, there’s a high probability of a bullish continuation move.
💎Previously, we saw price dip below the descending support, but that breakdown was quickly absorbed by buyers, flipping the script and revealing early signs of seller exhaustion. That kind of failed breakdown is a classic signal of demand strength.
💎 What’s even more telling is the reaction at the demand zone. Instead of panic or cascading liquidations, we’re seeing multiple rejections from the same support area—a clear signal that accumulation is underway.
💎 If price continues to push up from here and successfully retests the wedge, that would confirm a shift in market control. The first target is the minor resistance zone, and from there, any breakout backed by increasing volume could trigger a sharp expansion move toward the next major resistance area. That’s where momentum could accelerate quickly.
The bullish thesis remains valid as long as the current demand zone holds firm. However, a clean break and close below this area would invalidate the setup and open the door for a deeper correction.
MyCryptoParadise
iFeel the success🌴
💎#DYDXUSDT has broken out of its falling wedge pattern, and we’re now waiting for a clean retest of the breakout zone. Once that retest is confirmed, there’s a high probability of a bullish continuation move.
💎Previously, we saw price dip below the descending support, but that breakdown was quickly absorbed by buyers, flipping the script and revealing early signs of seller exhaustion. That kind of failed breakdown is a classic signal of demand strength.
💎 What’s even more telling is the reaction at the demand zone. Instead of panic or cascading liquidations, we’re seeing multiple rejections from the same support area—a clear signal that accumulation is underway.
💎 If price continues to push up from here and successfully retests the wedge, that would confirm a shift in market control. The first target is the minor resistance zone, and from there, any breakout backed by increasing volume could trigger a sharp expansion move toward the next major resistance area. That’s where momentum could accelerate quickly.
The bullish thesis remains valid as long as the current demand zone holds firm. However, a clean break and close below this area would invalidate the setup and open the door for a deeper correction.
MyCryptoParadise
iFeel the success🌴
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כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.