DYDX/USDT Chart Analysis: Bearish Setup with Potential Downside
💎 Paradisers, cast your eyes on DYDX/USDT. The daily chart reveals an 'M' pattern emerging within the supply zone, amplifying the chances of a bearish shift. Adding to this, the supportive trendline has been breached.
💎 For a clearer bearish confirmation, watch out for a descent below the 1.915 demand level. If this occur, we might be looking at potential descents to 1.763 and perhaps even 1.506. However, for those with a bullish perspective, a climb above the 2.274 supply zone would be the signal to watch.
💎Stay sharp and chart-smart, ParadiseSquad!
💎 For a clearer bearish confirmation, watch out for a descent below the 1.915 demand level. If this occur, we might be looking at potential descents to 1.763 and perhaps even 1.506. However, for those with a bullish perspective, a climb above the 2.274 supply zone would be the signal to watch.
💎Stay sharp and chart-smart, ParadiseSquad!
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