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DYDX / TetherUS PERPETUAL CONTRACT

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DYDXUSDT.P trade ideas

DYDX : Preparing for Rebound !Let's break down the technical landscape of dYdX (DYDX), a token that's been through the trenches and is gearing up for a potential bounce. Here's a concise dive into the charts and key indicators that suggest DYDX might be on the brink of a bullish move. 📉➡️📈 Chart Overview: All-Time Low Support: DYDX has formed a sturdy support base after hitting all-time lows. The recent upward momentum hints at a possible trend reversal. Support and Resistance Dynamics: Recent price action around a crucial resistance zone signals a battleground for market participants. Historical data suggests positive price responses after sweeping key support levels. Trading Strategy: Support Sweep Strategy: Keep an eye on potential support sweeps, historically signaling upcoming upward movements. Strategic entry points post-support sweep align with past bullish patterns. Chart Confirmation: A decisive breakout above the significant resistance zone would validate the potential bullish trend. Monitoring trading volumes during key price movements provides additional confirmation. Price Outlook: A successful rebound could position DYDX for noteworthy price levels, contingent on surpassing historical resistance. In Conclusion: DYDX's journey from its all-time low to its current support base presents an intriguing technical setup. Traders and investors are advised to closely monitor support dynamics and resistance interactions for strategic entry points. ❗️Test my 3 crypto trading indicators for FREE! Link below 🔑
by AlexWhale
6
DYDX/USDT LONGCould be long short term scalp trade with reward ratio at 8. rsi not currently looking ready for a buy singal either does jewel, but on lower timeframe it does look better giving me more confident that it this could be a early trade signals. You shouldn't really trade something that haven't confirmation. But keeping a close eye as this is a good entry point. As jewel are at white, the second it changes color to blue and the way its pointing it would indicate what most likely to happen. Things kinda also following btc at the moment, and moves like this also counts on btc. But at least a good potential long to keep a eye out for
Long
by Enjoylifee
2
🚧DYDX will Go Up Again🚧 Road Map(1-W)🗺️!!!DYDXUSDT was in the ascending phase by the ascending triangle and cup and handle. DYDXUSDT is in a large ascending triangle on the weekly time frame and also on C&H if it follows these patterns, the price will have a nice rally. ⭐The pattern increases the price by the amount of the measured price movement (AB=CD). ❗ Note that if the triangle or cup and handle is broken down with the power of descending candles, our analysis will fail. 🤑 Stay great my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you and for more ideas ❤️like❤️ and 🌟follow🌟!
Long
by CobraVanguard
3
"CFX/USDT Long Setup: Bullish Breakout from Falling Wedge PatterTrade Setup for #DYDX/USDT: Long Position Analysis: DYDX has broken out of a falling wedge pattern, indicating a potential upward trend. The current price (CMP) serves as the entry point. The breakout is being retested, suggesting a potential confirmation of the bullish move. Entry Point: Current Market Price (CMP) Additional Positions: Consider adding more if the price drops to $2.870 Targets: $3.4 $3.9 $4.35 $5.2 $5,8 Stop Loss (SL): Set the Stop Loss at $2.825 to limit potential losses. Leverage: Use leverage cautiously: 5x to 10x. DYOR
Long
by CRYPTOMOJO_TA
2
DYDXUSDT Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. 2 possible options: growth from current price or through one more decline in zone 2.4 - 2.2 Main target zone: 4.6 - 5$ Stop: (depending of ur risk). ALWAYS follow ur RM. risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions
Long
by trytofeelpositive
3
DYDX After Successfull Last Trades We Try Again **dYdX (ETHDYDX) Fundamentals** dYdX is a decentralized cryptocurrency exchange (DEX) that enables users to trade perpetual contracts, a type of derivative that tracks the price of an underlying asset. The exchange is built on Ethereum Layer 2, which allows it to offer lower transaction fees and faster execution than traditional DEXs. dYdX also has a governance token called CRYPTOCAP:DYDX , which is used to vote on protocol proposals and earn trading fees. **Recent News** * dYdX launched its dYdX Chain, a Layer 1 blockchain network, in March 2023. * dYdX has been expanding its product offerings, adding support for new markets and features. * The exchange has also been growing its user base and trading volume. **Disclaimer** Please note that I am not a financial advisor and this information is not intended to be financial advice. Cryptocurrency investing is a risky investment and there is no guarantee that you will make money. You should do your own research before investing in any cryptocurrency.
Long
by MoonTradingForecast