DYMUSDT
DYMUSDT A Bearish Shift in Play? Key Level to Watch.Yello, Paradisers! Is #DYMUSDT gearing up for a bigger move, or could we see a deeper dip? Here's what we need to watch closely:
💎#DYM has confirmed a bearish reversal after breaking below the support trendline and losing its previous higher low structure. This shift signals potential bearish momentum, especially as the price gears up to test the supply zone between $1.38 - $1.50. If the price faces rejection here, it strengthens the case for a continuation of the downward movement, aiming for the first target at the demand zone.
💎Should we see a rebound in this area, it might indicate a temporary pause. However, if the price manages to reclaim and hold above the supply zone, there's a higher probability of reaching the final take-profit target at the major support level.
💎If DYM closes above the resistance, it would signal a potential return to bullish momentum, rendering any short positions invalid.
Trade smart, stay vigilant, and remember – patience and discipline always win the day.
MyCryptoParadise
iFeel the success🌴
$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?
#DYM , $DYM , #DYMUSDT , #DYMUSD#DYM ...... is in a very nice entry point and near stop loss to get high profit
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BINANCE:DYMUSDT
DYM/USDT: READY FOR AN ATH!!Hey everyone!
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DYM is showing strong potential! It’s breaking out of a symmetrical triangle on the daily time frame and looks primed to test its all-time high (ATH). Consider buying now and accumulating more on dips for maximum profit.
Entry range: CMP and accumulate up to $1.48
Short-Term Targets: $2.20 / $3.34
Long-Term Targets: $5.16 / $6.96 / $8.40
Stop Loss (SL): $1.11
What do you think of DYM's current price action? Are you spotting a bullish setup? Share your thoughts and analysis in the comments below!
#DYM/USDT#DYM
The price is moving in a descending channel on a 1-day frame and is sticking to it to a large extent and is expected to break it upwards
We have a bounce from the lower limit of the channel at a price of 1.00
We have an upward trend on the RSI indicator, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 1.40
First target 1.87
Second target 2.52
Third target 3.00
DYM Descending Broadening Wedge Breakout Confirmed!We've just seen a strong breakout of DYM from its descending broadening wedge structure. This is a key bullish reversal signal! 📈
The price action indicates momentum building up, with the next target zone being around $7-$8, representing the top of the broadening wedge structure.
🔸 Key Levels: As the price surges, we’re watching the $7-$8 range for potential resistance.
🔸 Support Re-test?: A possible re-test of the breakout level could present a strong entry point if the momentum holds.
🔸 Volume Confirmation: The breakout is supported by a surge in volume, reinforcing the potential for a strong move upward.
Keep an eye on the market dynamics, and remember to manage your risk, especially as we approach key resistance levels.
#DYM #Breakout #BroadeningWedge #SwingTrade #CryptoTrading #TechnicalAnalysis
🚨 Disclaimer: This is not financial advice. Always conduct your own analysis or consult with a professional.
DYM - A Strong reversal is in-progress#INJ/USDT #Analysis
Description
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+ After recent downtrend price has formed a strong double bottom pattern
+ We are seeing a strong reversal and price is expected to breakout from the resistance
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VectorAlgo Trade Details
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Entry Price: 1.656
Stop Loss: 1.129
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Target 1: 2.035
Target 2: 2.568
Target 3: 3.240
Target 4: 4.175
Target 5: 5.997
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Timeframe: 1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
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Best Regards,
VectorAlgo
DYMUSDT Broadening Wedge!DYMUSDT (Day Chart) Technical analysis update
ASX:DYM price has been trading within a broadening wedge pattern for the last 180 days and is now moving towards the wedge's resistance for a potential breakout. If the price breaks this resistance, we can expect a strong bullish move in DYM.
Entry: After breakout confirmation on the daily chart.
DYM/USDT NEW VOLUME INCREASEThe last data shows that DYM have the possibility to get a new volume trend in the coming time frames which will allow this coin to increase to higher targets.
By the chart, we did add some beta possibility targets.
There is always confirmations needed to follow the coin further.
#DYM/USDT#DYM
The price is moving within a bearish trend channel that was broken to the upside on a 12-hour frame
We have a support area at 2.50 and we bounced from it at the lower border of the channel
We have a tendency to stabilize above the Moving Average 100
We have an upward trend on the RSI indicator that supports the rise and gives greater momentum
Entry price 2.72
First target 3.74
The second goal is 4.30
Third goal 4.92
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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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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