$DYDX/USDT 1h (Binance Futures) Descending channel breakout
Updated
dYdX is starting to show reversal signs and has formed a symmetrical triangle, let's long here!
More information about that new DeFi governance token on dydx.community
Current Price= 12.438
Buy Entry = 12.248 - 11.832
Take Profit= 13.226 | 14.066 | 14.961
Stop Loss= 11.088
Risk/Reward= 1:1.25 | 1:2.13 | 1:3.07
Expected Profit= +19.70% | +33.66% | +48.52%
Possible Loss= -15.82%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 2x
Estimated Gain-time= 5 days
More information about that new DeFi governance token on dydx.community
Current Price= 12.438
Buy Entry = 12.248 - 11.832
Take Profit= 13.226 | 14.066 | 14.961
Stop Loss= 11.088
Risk/Reward= 1:1.25 | 1:2.13 | 1:3.07
Expected Profit= +19.70% | +33.66% | +48.52%
Possible Loss= -15.82%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 2x
Estimated Gain-time= 5 days
Trade active
TP1 would have been reached with up to +22.30% (2x)dYdX bounced nicely, unfortunately we missed entry by 0.134$, too bad.
Now consolidating above 50MA, looks good for bullish continuation!
Trade closed: target reached
TP2 would have been reached with up to +32.78% (2x)dYdX continued the recovery, I hope you caught last dip, road to last target now!
Trade active
Both entries filleddYdX retraced down almost stopping us out, let's see how that ends...
Trade closed: target reached
TP3 reached with +48.52% (2x) and +3.07RdYdX achieved all targets and even more with up to +180.38% (2x) from average entry, what a killer move!
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