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DYMUSDT A Bearish Shift in Play? Key Level to Watch.Yello, Paradisers! Is #DYMUSDT gearing up for a bigger move, or could we see a deeper dip? Here's what we need to watch closely: 💎#DYM has confirmed a bearish reversal after breaking below the support trendline and losing its previous higher low structure. This shift signals potential bearish momentum, especially as the price gears up to test the supply zone between $1.38 - $1.50. If the price faces rejection here, it strengthens the case for a continuation of the downward movement, aiming for the first target at the demand zone. 💎Should we see a rebound in this area, it might indicate a temporary pause. However, if the price manages to reclaim and hold above the supply zone, there's a higher probability of reaching the final take-profit target at the major support level. 💎If DYM closes above the resistance, it would signal a potential return to bullish momentum, rendering any short positions invalid. Trade smart, stay vigilant, and remember – patience and discipline always win the day. MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise
2
DYMUSDT Forms Triangle Pattern!DYMUSDT Technical analysis update DYMUSDT has been trading within a triangle formation for the past 165 days. The price is now moving towards the triangle's resistance level, potentially signaling a breakout. The profile volume indicates strong support at $1.40, and the price has crossed above the 100 EMA on the daily chart. A strong bullish move can be expected from the current level. Buy zone : Below $1.70 Stop loss : $1.37 Take Profit 1: $1.97 Take Profit 2: $2.47 Take Profit 3: $3.45
Long
by HexaTrades
1
DYM/USDT It need to bounce to continue upward movement!💎 Paradisers, #DYM has recently experienced notable market dynamics. Currently resting on the support area, #DYM requires a bounce to potentially resume its upward trajectory and retest the resistance trendline area. 💎 Previously, #DYM faced rejection at the resistance area, underscoring its significance. However, if #DYM manages to successfully break above the resistance trendline, it could signal a bullish momentum shift, paving the way for further upward movement towards our target. 💎 Conversely, if #DYM fails to bounce and breaks down below the key support level, it could indicate weakness and a bearish sentiment. In such a scenario, the price may continue to decline further.
by MyCryptoParadise