📊 Analysis:
Context: The Dencun upgrade on the horizon could introduce volatility in the ETH ecosystem.
Technical Outlook: DYDX on the HTF is flipping old resistance into support, potentially leading to a move to new range highs around $6.80.
Trade Percentage: Use a reasonable percentage of your capital, considering potential volatility.
Buy Zone: Consider entering the trade around $3.80 - $4.20.
Take Profit: Target potential profit levels at $4.50, $5.10, and $6.90.
Stop Loss: Implement a stop loss if the price loses support of $3.60 on the daily chart.
🌐 Note: Keep a close eye on the Dencun upgrade and adjust your strategy accordingly.
Context: The Dencun upgrade on the horizon could introduce volatility in the ETH ecosystem.
Technical Outlook: DYDX on the HTF is flipping old resistance into support, potentially leading to a move to new range highs around $6.80.
Trade Percentage: Use a reasonable percentage of your capital, considering potential volatility.
Buy Zone: Consider entering the trade around $3.80 - $4.20.
Take Profit: Target potential profit levels at $4.50, $5.10, and $6.90.
Stop Loss: Implement a stop loss if the price loses support of $3.60 on the daily chart.
🌐 Note: Keep a close eye on the Dencun upgrade and adjust your strategy accordingly.