DYDX: Bearish Structure at Critical Juncture
Updated
The bearish structure for DYDX continues as price spikes down from a strong triple bottom. The current weekly candle's close will be crucial:
Patience is key. Wait for candle close before making decisions. Chart shows both downside target and possible upside path.
Like if you find this analysis helpful. Trade safely!
Patience is key. Wait for candle close before making decisions. Chart shows both downside target and possible upside path.
Like if you find this analysis helpful. Trade safely!
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Sell-side liquidity has been swept, leading to a reversal in price action toward the upside. This appears to mark the start of a bullish move. Don’t miss the opportunity to accumulate positions.
Note
Bullish confirmation is in place as the price has closed above the potential triple bottom. Attention should now shift to the buyback zone for re-accumulation opportunities.
Note
DYDXUSDT begin next bullish phase and it is expected to end around $10.5
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