DYDXUSDT is gearing up for a bullish ride! 🚀💎 Paradisers, #DYDX has absorbed liquidity from the supportive trendline of the ascending channel, which increases the probability of a bullish move from here.
💎 It's also showing a Break of Structure (BOS) towards a bullish market structure and hasn't closed below the demand and Bullish Order Block (OB) zone, which demonstrates the strength of the bulls.
💎 If #DYDXUSDT breaks out of the resistive trendline, we can expect a bullish move to the next resistance levels.
💎 By taking liquidity from trendline traders, #DYDX has removed weak-handed traders, which could indicate it's ready for a more substantial move. However, before making entries, ensure confirmation from price action.
💎 If the price breaks down below the demand and bullish OB zone, it will invalidate the bullish signals. In that case, it would be wise to wait for better price action to develop.
