# 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.
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🔍 **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)
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🎯 **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.
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📊 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.
📈 **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.
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.