DYDX Breakout from Falling Wedge | Targeting $1.60+

5 Tem

# DYDX Breakout from Falling Wedge | Targeting $1.60+

📈 **DYDX/USDT Analysis – Daily Timeframe**

DYDX has just broken out of a falling wedge pattern – a classic bullish reversal formation – after holding a strong support zone around **$0.50**. This zone has acted as a reliable demand area for several months.

---

🔍 **Technical Highlights:**
- ✅ Falling wedge breakout confirmed with daily candle close above resistance
- 🟢 Strong support at $0.50–$0.52
- ⚠️ Horizontal resistance at $0.75 may act as a short-term barrier
- 🚀 Potential rally toward major resistance at **$1.60–$1.70** (target zone)

---

🎯 **Profit Targets:**
- First Target: **$0.75**
- Final Target: **$1.60 – $1.70**

❌ **Invalidation (Stop-loss idea):**
- If price breaks below $0.48 with volume, the bullish scenario may be invalidated.

---

📊 This setup is based on breakout structure and potential trend reversal. If volume confirms, this could be the beginning of a new mid-term uptrend.

💬 Let me know what you think about this setup! Would love to hear your feedback.

9 Tem

İşlem aktif

Let’s go 🚀🚀🚀🚀🚀