▶️ DYDX remains stuck inside the black descending channel, and the recent breakout attempt was just a fakeout.
▶️ On the 4H chart, there are no clear signs of a reversal, so the recent upside move appears to be corrective.
▶️ The yellow zone, marked by a confluence of Fibonacci levels and mid-range resistance, is a key area to monitor for potential downside reversals on lower timeframes.
▶️ If a reversal plays out, the first target would be a retest of the 0.5200 low.
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