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DYDX / TetherUS PERPETUAL CONTRACT

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DYDXUSDT.P trade ideas

Coins unlocks - why its not so bad?Weekly token unlocks are a regular occurrence in the cryptocurrency market. These tokens are typically released to early investors, funds, and project teams. Upon receiving these tokens, some investors choose to sell them, either through market orders or limit orders. These sales can have a noticeable impact on the token's price. However, there are some key points to consider regarding token unlocks: Market Reaction: It's common for every “guru” who trying speculate on the market's response to these future distributions. While some traders may try to accumulate on these events. Predicting market movements in response to token unlocks can be quite challenging. Project Quality: High-quality projects usually plan their tokenomics meticulously to minimize the influence of early investors on the price. They design their token release schedules to prevent significant disruptions to the market. Small Unlocks: In many cases, only a small percentage of total circulating tokens becomes available. When this percentage is low, it may not significantly affect the market. Selling pressure from a 1% or 3% unlock, for example, may not be substantial. Unintended Reactions: Sometimes, the market reacts in unexpected ways to token unlocks. Prices might not immediately rise upon the unlock, and they can even experience downward movements. Breakouts do not always result in immediate asset sales. Or someone can sell before unlock and bring a fear, so at unlock this whales absorb all coins and push price back up. Project Strategy: Occasionally, projects may opt to postpone large token releases that were anticipated. This delay can have unexpected consequences, such as liquidations of short positions, leading to significant price movements. Every case is individual. You remember when DYDX postponed 1 year 15% unlock. But during this year price will stay in a same range. Or upcoming HFT unlock. If HFT was at 1$ price do you think its a smart idea for people who will get now some % from 15% supply sell now at 0.28? If they can just wait a bit and sell higher? Of course everything depends of personal situation. Some investor want out of project, some accumulate more, some need money NOW, someone can wait 1-2 year longer but with full amount of coins on wallet now. Always just imagine, behind every unlock the same people like you. And ask yourself if you invest in some coin on early stage, you believe in potential of this coin. Now you got your coins from unlock period but price so low, and we are at the bottom will you press - SELL? I think not, because you understand the potential. Also you got a big bag of this coins and you better wait alt season for % step by step fixation with perfect average price. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Education
by Crypto4light
2
DYDX/USDTPossible break and retest happening on DYDX. Let's see if this key level can hold and buyers show that they are in control, or will it break and they need more time. If there will be new crypto bull market, I think Dexes like GMX, GNS and DYDX will perform well, as they will start to bring profitable revenue in and share it with holders of their tokens If you are surprised that altcoins got whacked for the last 4 months against Bitcoin you shouldn't be Post from june about alts No trade is risk free! 1st mistake novice traders do is not having risk management and get their ass burned! -PalenTrade
Long
by PalenTrade
4
When can you buy #DYDX? CRYPTOCAP:DYDX goes up 43% from its bottom with high volume. CRYPTOCAP:DYDX is currently facing the resistance level at $2.6-$2.8. It will have a correction in the near future. In the general crypto market, #BTC is running the fifth wave in Elliott's theory, and almost all #altcoins go up 30%-x2 from their bottoms ⇒ The #crypto market needs to have a correction. The fear of greed index is 68 showing that the mass is a very greedy emotion. You can wait and buy when CRYPTOCAP:DYDX falls down to the horizontal at $2.1.
by CryptoLion247
DYDX Benefiting From Bitcoin's Upward TrajectoryWhile the global trend for DYDX appears to be on a downtrend, there's been a positive shift in recent months. Since June, the asset has consistently traded above the $1.7 threshold, demonstrating resilience amidst Bitcoin's occasional downturns. Currently, DYDX is benefiting from Bitcoin's upward trajectory. Over the past week, it surged by 25%, reaching the resistance zone between $2.37 and $2.50. The momentum suggests a continued rise, eyeing the next targets at $2.65 and $2.77. Still, a slight correction within this upward trend wouldn't be unexpected. In such an event, DYDX might retreat to a support level of $2.09, or even revisit the buy range between $1.73 and $1.85. A descent into the $1.37-$1.64 range would indicate a shift from its recent bullish stance to a bearish one. Also, it's crucial to consider certain fundamental developments that could impact the DYDX price. There's talk of the platform transitioning to its own blockchain by the end of the year, a move that could enhance its trajectory. However, whispers of a sizable token release for early investors in the upcoming months should also be weighed in when contemplating future trades.
Long
by DEXWireNews
DYDX/USDT Break Key Level area. Ready to Upward momentum ??💎 DYDX has certainly piqued our interest. In a remarkable turn of events, DYDX has managed to breach a formidable resistance zone, substantiating its bullish momentum with a validated retesting phase. 💎 The resilience of this resistance, historically repelling advances, has now been overcome, signaling a robust bullish phase for DYDX, poised to ascend further. The trajectory suggests a smooth sail towards significant supply zones, Probability reaching even the bearish OB regions with ease. 💎 However, sustaining current support levels is crucial for DYDX. Failure to do so might necessitate a fallback to the $2.1 demand zone for a rebound attempt. 💎 Conversely, a more ominous scenario looms if DYDX retraces to the demand zone and falters, failing to uphold its position. Such a development could spell a bearish reversal, initiating a downward momentum. Under these circumstances, DYDX could find itself navigating back towards more substantial demand zones, indicative of a more profound bearish undertow.
by MyCryptoParadise
DYDX - Make or breakI've been suggesting further upside on BYBIT:DYDXUSDT.P and for alts in general for a long time, but dydx has been one of assets I traded best, feel free to check the charts below for how HTF ideas played out since march/january. At the moment it's approaching to a big resistance area I highlighted before and already looks like a deviation of the range (at least at the time of this analysis) even before clearing some of those OBs. It still makes more sense to me for another push up into 2.59-2.78 before a 20-30% pullback. Unlike almost every market participant right now, some charts (including dydx) makes me think it may not be a good idea to buy those pullbacks - but the analysis has been spot on so far, so if it looks ready for a bounce, I'll take that long.
Long
by cryptokebab