DYDX offers an impressive profit potential of +850%

By VectorAlgo
Updated
The DYDXUSDT pair is exhibiting a notable resurgence from its support zone, indicating a prevailing bullish sentiment. While a minor correction remains a possibility, its likelihood appears diminished. Nevertheless, it's prudent to maintain a Dollar-Cost Averaging (DCA) strategy, with a focus on a threshold of 2.0 in the event of a price reversal.

Should the current upward trajectory persist, the forthcoming resistance level is approximately $5.00.

Entry Price: Presently hovering around $2.79, with additional DCA consideration at $2.00.

Targets:
1. $3.50
2. $4.45
3. $8.56
4. $11.87
5. $14.76
6. $26.68

Stop Loss: $1.76

This trade presents a favorable opportunity, boasting significant profit potential.

Best regards,
Comment
Price is consolidating
Comment
Price bounced back from the support, this is a good price action for the bullish trend.
Comment
Target 1 reached. +35% profit without any leverage.
buyChart PatternsdydxdydxlongDYDXUSDTTechnical IndicatorsParallel ChannelpatternSELLsignalSupport and ResistanceTrend Analysis
VectorAlgo
Enhance. Trade. Grow

🖥 Website: vectoralgo.com/
✈️ Telegram: t.me/VectorAlgo
🕸 SocialMedia: linktr.ee/vectoralgo

Join for latest signals/updates/advice.

Related publications

Disclaimer