$DYDX/USDT 12h (Binance Futures) Falling broadening wedge
dYdX has been retracing for 2 months and seems to have found bottom here, let's speculate a reversal.
Current Price= 8.838
Buy Entry= 8.721 - 8.061
Take Profit= 10.549 | 12.691 | 17.136
Stop Loss= 7.119
Risk/Reward= 1:1.7 | 1:3.38 | 1:6.87
Expected Profit= +25.72% | +51.25% | +104.22%
Possible Loss= -15.16%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 1.5 months
dydx.community/ dydx.foundation/ dydx.exchange/
Current Price= 8.838
Buy Entry= 8.721 - 8.061
Take Profit= 10.549 | 12.691 | 17.136
Stop Loss= 7.119
Risk/Reward= 1:1.7 | 1:3.38 | 1:6.87
Expected Profit= +25.72% | +51.25% | +104.22%
Possible Loss= -15.16%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 1.5 months
dydx.community/ dydx.foundation/ dydx.exchange/
Trade closed: stop reached
SL was hit with -15.16% (1x) and -1RdYdX stop hunted us by 0.012$, that is quite sad but luckily PC bot has not sold yet, targets remain valid.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.