$DYM Dymension's Ascending TriangleThis is major for ASX:DYM Dymension because this will determine if DYM begins a major Uptrend or spirals back into the consolidation range. Timeframe: 1hr
Current Price: 1.8
A break above 1.9 will create an avenue for higher prices up to 2.15
Further rejection around 1.9 will seen prices back 1.6 region.
What dimension will #dym take?
Dymensionanalysis
Trade Idea for Dymension (DYM) - Accumulation Strategy Dymension (DYM) is currently trading around $3.07. The token has seen a 6.67% increase in the last 24 hours, with a market cap of approximately $448.06 million and a circulating supply of 146 million DYM tokens.
Start building a position at the current price of around $3.07. This provides a strategic entry point given the recent price appreciation and trading volume.
Plan to accumulate additional DYM tokens if the price drops to $1.60 and further to $2.20. This approach allows for averaging down the entry price and taking advantage of potential market corrections.
Set take-profit targets at $5.50, $7.00, and $8.00. These levels are based on potential resistance points and historical price movements, aiming to capture significant gains as the market appreciates.
Dymension is designed to support Layer 2 networks known as rollups, which enhance scalability and efficiency. The platform leverages the Inter-Blockchain Communication (IBC) protocol for secure communication between different chains, making it a significant player in the modular blockchain space.
The recent price increase and substantial trading volume suggest growing investor interest. Monitoring ongoing developments and updates within the Dymension ecosystem will be crucial for adjusting the investment strategy.
Accumulating DYM at strategic price points leverages market volatility and the project's innovative approach to blockchain scalability. The phased profit-taking strategy aims to optimize returns while managing risk.
This trade idea is based on current market data and Dymension’s strategic positioning as of May 2024. Cryptocurrency investments carry inherent risks, including the loss of principal. Investors should conduct their own research and consider their financial circumstances and risk appetite before engaging in cryptocurrency trading. This analysis is not financial advice.
DYM price targetsWatch this targets and explanation BINANCE:DYMUSDT
Possible Targets and explanation idea
➡️D tf. All main targets explained 8 February! Now we came in exactly to first block
➡️Also we are now touched fundamental value and if we will not see reaction next target green block
➡️If you are investor it's okay accumulate at 2 boxes using dca. If you are swing trader
targets showed on a chart.
➡️Money power indicator money inflow step by step since march 2024
➡️Take profit line marked + there is zone where is more than ok withdraw initial deposit
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#DYM/USDT TREAD SETUP#DYM / USDT TREAD SETUP
In the 4-hour time frame, DYM has broken out of this falling wedge pattern and is currently bouncing after retesting this pattern. we can also see bullish divergences in the RSI.
Entry: Current Market Price (CMP) and add more up to $3.22
Target: According to the pattern, we can expect up to a 70% to 100% bounce in the price.
SL- $2.9
Remember to do your own research.
NFA
#Crypto
DYM has broken above the triangleDYM has broken above the triangle, after the pullback it will continue to go up
🔵Entry Zone 5.999 - 6.156
🔴SL 5.644
🟢TP1 6.849
🟢TP2 7.468
🟢TP3 8.061
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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$Dym This analysis is for informational purposes only and should not be considered financial or investment advice.
The information presented in this analysis is based on my own research and is subject to change without notice.
The analysis is not a recommendation to buy or sell any specific cryptocurrency Stocks Or Forex, including This Pair.
Please conduct your own research and consult with a financial advisor before making any investment decisions.
DYM target 7.54h time frame
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DYM broke the downtrend line with a double bottom structure. Currently, DYM is retesting the neckline of this double bottom, this support works well so far. Furthermore, there are two ways to set up targets, the first one is set from double bottom, that is 7.5, the second one could be estimated through Fibonacci Extension, which is around 8.3~8.7.
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TP: 7.5 / 8.5
SL: 5.9
$DYM Dymension Falling WEdge...ASX:DYM Dymension is forming a falling wedge! Price action found a height of $8.7 and currently has retraced to a low of $5.9
Current Price: $6.5
Expecting #dym to break out of it's falling wedge for higher resistances: 6.9, 7.3, 7.7, 8.2, 8.7
A continous move up will lead to price discovery: 9.2, 9.8, 10.4
ASX:DYM inability to break out of this wedge will reclaim supports: 6.1, 5.7, 5.3, 4.8 which will make for perfect buy the dip opportunities (spot)
Dymension DYM price shows a strong movement, how long will it ?Today, we will take a look at a young and quite popular coin in recent days - DYM. It was listed on many exchanges a week ago.
Due to the large amount of different activity, the DYMUSDT price successfully traded in the range of $6.85-7.85 and continued to grow.
If the growth continues successfully, the next levels are $9.60 and $10.30.
If the crypto market begins to correct, the strongest support should be in the $6.85-7 range.
Below, there is a relative void where the coin can begin to drain, which was received mainly for participation in activities.
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DYMENSION - Airdrops SeasonDYMUSDT is performing quite well since its airdrop happened, and the price is on an upward trend, because it is speculated that DYM stakers will be eligible for other airdrops.
That being said, if DYM breaks this symmetrical triangle upwards, it is bullish and we could reach $10 in the short term wizards.
Riding a possible retrace on DYMI expect a correction on DYM, so i am taking a small risk and i will try to ride a possible pullback. I am targeting main support zone at 6.3, invalidation above 8.5. I can also see a break of main trendline as confirmation of possible pullback with a bearish divergence
Dymension(DYM) is Ready Go UP🚀➕20%🚀🔥Project Dymension(DYM) as been launched in exchanges for less than 3 days, and today I am trying to share an opportunity for you to buy DYM token .
📚What Is Dymension(DYM)❗️❓
Crypto apps are in dire need of ease of use and economic sustainability. Recently, rollups have shown a simple business model that works, fees minus base layer costs equals their profit. As a result, a surge of L2s were deployed each with its own custom implementation, multi-sig bridge, and security assumptions. This led to a fragmented, unsecure, and chaotic user experience diminishing the advantages of rollups and modular blockchains.
✅ Dymension(DYM) was able to break the 🔴 Resistance zone($6.40-$6.08) 🔴.
📈From the point of view of Classical Technical Analysis , Dymension(DYM) seems to have succeeded in forming the Ascending Triangle .
🔔I expect Dymension(DYM) will go UP to 🟡 Potential Reversal Zone(PRZ) 🟡.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Dymension Analyze (DYMUSDT), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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