Dydx short scalp setup before spot long.
Updated
Hi everyone,
I just opened a short scalp trade on DYDX.
If the short hits it targets we are going to hedge DYDX. (we are buying spot long ) As we showed in our previous post on DYDX that we expect a bullish rally if the downtrend is ending after the SPRING phase. The long position would be a ''SWING'' setup and could take weeks/months to achieve targets. While we are waiting for the spot long entries we are taking this short scalp trade.
Entries (zone) and take profits for the short setup are in the menu on the chart.
We will update this, and the previous DYDX ideas with the tradeplan for buying spot long,
Regards,
Team Quantistic
Note
See here the previous DYDX post,
Note
Smal update on the Short scalp on DYDX :Our short position is currently 18% in profit, just took 10% out of the trade (take profit).
And adjusted the Stop Loss on the average entry price of 1.197.
Right now its a risk free trade.
Cheers,
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