Technical analysis by ydnldn about Symbol DYDX: Sell recommendation (7/5/2025)

Price Levels: The current price is around 0.6030 USDT. The chart highlights a "strong high" resistance level near 0.5626, with higher highs (HH) and change of character (CHOCH) noted recently.Support and Resistance:Support zones are marked around 0.5199, 0.5253, and a lower support (HL) around 0.4500.Resistance is indicated near the "strong high" and higher levels up to 0.5626.Trends: The price recently broke above a previous high (LH) and formed a higher high, suggesting bullish momentum. However, it’s approaching a resistance zone.Volume and Patterns: The chart includes annotations like "BOS HL" (Break of Structure Higher Low), indicating a potential shift in trend.Cryptocurrency Futures Market Disclaimer 🚨🚨🚨‎‎Trading cryptocurrency futures involves high risks and is not suitable for all investors.‎Cryptocurrency prices are highly volatile, which can lead to significant gains or losses in a short period. ‎Before engaging in crypto futures trading, consider your risk tolerance, experience, and financial situation.‎‎Risk of Loss: You may lose more than your initial capital due to the leveraged nature of futures. You are fully responsible for any losses incurred.‎‎Market Volatility: Crypto prices can fluctuate significantly due to factors such as market sentiment, regulations, or unforeseen events.‎‎Leverage Risk: The use of leverage can amplify profits but also increases the risk of total loss.‎‎Regulatory Uncertainty: Regulations related to cryptocurrencies vary by jurisdiction and may change, affecting the value or legality of trading.‎‎Technical Risks: Platform disruptions, hacking, or technical issues may result in losses.‎‎This information is not financial, investment, or trading advice. Consult a professional financial advisor before making decisions. We are not liable for any losses or damages arising from cryptocurrency futures trading.‎‎Note: Ensure compliance with local regulations regarding cryptocurrency trading in your region.‎‎thanks for like and follow ydnldn to have more information outlook and free signal.‎‎About me :‎"I am a passionate swing trader focused on analyzing financial markets to capture profit opportunities from medium-term price movements. With a disciplined approach and in-depth technical analysis, I concentrate on identifying trends, support-resistance levels, and price patterns to make informed trading decisions. I prioritize strict risk management to protect capital while maximizing profit potential. Always learning and adapting to market dynamics, I enjoy the process of refining strategies to achieve consistency in trading."‎