DYDX offers an impressive profit potential of +850%

Updated
The DYDXUSDT pair is exhibiting a notable resurgence from its support zone, indicating a prevailing bullish sentiment. While a minor correction remains a possibility, its likelihood appears diminished. Nevertheless, it's prudent to maintain a Dollar-Cost Averaging (DCA) strategy, with a focus on a threshold of 2.0 in the event of a price reversal.

Should the current upward trajectory persist, the forthcoming resistance level is approximately $5.00.

Entry Price: Presently hovering around $2.79, with additional DCA consideration at $2.00.

Targets:
1. $3.50
2. $4.45
3. $8.56
4. $11.87
5. $14.76
6. $26.68

Stop Loss: $1.76

This trade presents a favorable opportunity, boasting significant profit potential.

Best regards,
Note
Price is consolidating
Note
Price bounced back from the support, this is a good price action for the bullish trend.
Note
Target 1 reached. +35% profit without any leverage.
buyChart PatternsdydxdydxlongDYDXUSDTTechnical IndicatorsParallel ChannelpatternSELLsignalSupport and ResistanceTrend Analysis

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