$DYDX/USDT 1h (Binance Futures) Descending channel breakout
dYdX is starting to show reversal signs and has formed a symmetrical triangle, let's long here!
More information about that new DeFi governance token on dydx.community
Current Price= 12.438
Buy Entry = 12.248 - 11.832
Take Profit= 13.226 | 14.066 | 14.961
Stop Loss= 11.088
Risk/Reward= 1:1.25 | 1:2.13 | 1:3.07
Expected Profit= +19.70% | +33.66% | +48.52%
Possible Loss= -15.82%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 2x
Estimated Gain-time= 5 days
More information about that new DeFi governance token on dydx.community
Current Price= 12.438
Buy Entry = 12.248 - 11.832
Take Profit= 13.226 | 14.066 | 14.961
Stop Loss= 11.088
Risk/Reward= 1:1.25 | 1:2.13 | 1:3.07
Expected Profit= +19.70% | +33.66% | +48.52%
Possible Loss= -15.82%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 2x
Estimated Gain-time= 5 days
Trade active
TP1 would have been reached with up to +22.30% (2x)dYdX bounced nicely, unfortunately we missed entry by 0.134$, 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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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.