DYDX/USDT
Updated
Possible break and retest happening on DYDX. Let's see if this key level can hold and buyers show that they are in control, or will it break and they need more time.
If there will be new crypto bull market, I think Dexes like GMX, GNS and DYDX will perform well, as they will start to bring profitable revenue in and share it with holders of their tokens
If you are surprised that altcoins got whacked for the last 4 months against Bitcoin you shouldn't be
Post from june about alts
No trade is risk free!
1st mistake novice traders do is not having risk management and get their ass burned!
-PalenTrade
If there will be new crypto bull market, I think Dexes like GMX, GNS and DYDX will perform well, as they will start to bring profitable revenue in and share it with holders of their tokens
If you are surprised that altcoins got whacked for the last 4 months against Bitcoin you shouldn't be
Post from june about alts
No trade is risk free!
1st mistake novice traders do is not having risk management and get their ass burned!
-PalenTrade
Trade active
This is actually a thing I don't like. 10EMA worked as support (on 4H) but we broke it and is now working as a resistance like the previous candle shows. BUT Bigger timeframe is ALWAYS more significant so we focus on that with good Risk management ofcTrade active
DYDX retesting the previous highs (Break and Retest?). Let's see if this holds and we still get a move upwards or does the stop loss hit. This is why stop losses (Risk) are calculated and accepted beforehand. So you can feel relaxed at these momentsTrade closed: stop reached
DYDX trade hit my stop loss. I will keep on eye on this pair and if I see reasons, for example price closing back on top of 2.315 area on Daily, I might take new trades.This is part of the game, embrace it
-PalenTrade
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