Dydx short!The price has reached a significant resistance level. I am planning to sell at this point and take profit below the low of the 4-hour timeframe. I will also consider taking partial profit at the greed box.
DYDXUSDT trade ideas
DYDXUSDT LONG POSITIONThere is a divergence on RSI also engulfing candle stake is a confirmation for long position
please follow and support for more
Dydx ideaDydx is rejecting a significant resistance level, indicating a potential downward movement.
If I reach my entry level, I will initiate a short position and establish a profit zone based on the lows.
Technical Analysis of DYDX/USDT:1. Current Price and Blocked Order Zone:
The current price of DYDX/USDT is at 2.86, within a blocked order zone. This zone signifies a crucial area where buying and selling orders are concentrated, suggesting a potential equilibrium between buyers and sellers.
2. Importance of the 2.86 Zone:
The 2.86 level is identified as a significant support or resistance area. Traders often pay attention to such levels as they can act as key turning points in the market. In this case, the 2.86 zone is considered important for potential trading opportunities.
3. Breakout and Retest Strategy:
Traders might consider a breakout strategy when the price decisively moves above or below the 2.86 zone. A breakout above could signal a potential upward movement, while a breakout below may indicate a possible downtrend.
After a breakout, it's common for the price to retest the broken level. This retest can offer traders a second chance to enter positions in the direction of the breakout, confirming the strength of the new trend.
4. Confirmation with Indicators:
Use additional technical indicators, such as RSI, MACD, or other oscillators, to confirm the strength of the breakout and to avoid false signals.
5. Risk Management:
Implement proper risk management strategies, including setting stop-loss levels and position sizes, to protect against potential losses.
6. Monitoring Fundamental Factors:
Keep an eye on fundamental factors that might impact DYDX, such as project updates, market sentiment, or broader developments in the cryptocurrency space.
Conclusion:
With the current price at 2.86 within the blocked order zone, traders should closely monitor for a potential breakout. If the price successfully breaks above the 2.86 level and retests it, it could present a favorable buying opportunity. However, it's essential to consider both technical and fundamental aspects and apply risk management strategies when executing trades.
DYDXUSDT IDEAUPDATE
Already Broken Symmetrical Triangle in 12H timeframe.
Expecting a good bullish move if holds over the line .
COIN DETAILS
The live price of dYdX (ethDYDX) is $ 3.072339 per (ETHDYDX / USD) with a current market cap of $ 949.98M USD. 24-hour trading volume is $ 77.04M USD. ETHDYDX to USD price is updated in real-time.
DYDX - Enjoy The Ride 🚗Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 DYDX has been overall bullish , trading within the rising channel in blue.
Currently, DYDX is undergoing a correction phase and it is currently approaching the lower blue trendline.
Moreover , it is retesting a strong support zone marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #DYDX approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
DYDX/USDT | 1W 👀1. The potential has barely begun to unfold.
2. I plan to hold onto the coin for a long time because its potential is just starting to materialize. The key is to believe, folks. And to hold onto the coins firmly in the portfolio if you've decided to be an investor.
- Not financial advice, trade with caution.
✅ Stay updated on market news and developments that may influence the price of dYdX. Positive or negative news can significantly impact the cryptocurrency's value.
✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility.
✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking.
#Crypto #dYdX #Investment #DYDX
Dydx setup I am currently long on dydx as it is breaking the trendline and demonstrating strength. It appears to be a promising opportunity to go long on dydx.
#DYDXUSDT#DYDXUSDT 4H
The price is now 2.77 dollars. As soon as the yellow trend line is broken up, the next resistance will be at 2.91 dollars. The support area that we showed with the box is very important because below this area we may have a change in the downward trend.
Technical analyst: Amir Hassan Salek
DYDXUSDT 2D#DYDX is moving inside a descending channel and it is above the MA100 on 2-days chart. It will attempt to break the resistance soon. The main targets are: $2.849 $3.241 $3.605 and $4.315
You can check the long-terms targets on the chart.
🔥 DYDX Local Update,Extremely Bullish Setup For 2024 👋 Hi Everyone ,Today I Wanna Analysis DYDX At Daily Timeframe And Talk About My Plan For a Midterm
📥 The Main Structure For DYDX Is an Impulsive Move Which Started From 1$ To 3.6$ As a Wave 1 And Bottom Of The Wave 2 Was 1.5$ Area And Now The Price Playing At Wave 3
👉 Currently The Price Playing At The Bull flag As a Wave 4 From 3 By Clear ABC Corrective Formation That Completed At The 2.3$ PRZ And We Had a Great Bounce From This Level So Now I Can Say Wave 5 From 3 Is About To Start
🎯 The Price Is Now Playing Below The 2.8$ Resistance And I Expect It Will Playing Below This Level For a While Then Breakout This Level Toward a 3.1$ As a Bull Flag Trend Line ,The Time That Price Breakout The Bull flag Next Targets Are 3.9$ And 5.7$ Areas
💥 Totally I’m Extremely Bullish About The DYDX And Expect It Will Surprise Many People In 2024
Dydx outlook i am looking forward to a partial TP (take profit) on dydx and the sentiment about it is bullish.
dydxusdt medium term tradeFor a medium-term trade analysis on DYDX/USDT, a careful examination of the chart indicates a potential price movement from $4.5 to $5. Anticipating a bullish trend, the technical indicators suggest favorable conditions for a medium-term trade. Traders may consider entry points around the current price levels, with an eye on the projected upward movement. However, it's crucial to monitor market dynamics and adjust the strategy accordingly to capitalize on potential gains within the specified target range.
Nice zoneThe intersection of dynamic and static support areas is very attractive for buying.
To be safer, let it grow from the support area and enter after the break of the downtrend line
Dydx outlookI anticipate that the price of dydx altcoin will increase in the higher timeframe. I have taken a long position on dydx due to its bullish sentiment. My expectation is that the price will rise further.
$DYDX Trading IdeaDYDX is still inside this descending channel (confirmed) on a 1D time frame. According to the money flow it's ready to pump because we are going from red to green again. We’ll see. Enjoy your Friday.
Dydx🔥 Dydx is bullish , long now with some confirmation , managing risk properly and taking profits along the way
Dydx/Usdt bearish bias under the cloudSeems that the lower part of the cloud is putting a strong resistance for this pair
#DYDX/USDT is testing the Diagonal Trendline and Bullish OB in 1#DYDX/USDT is testing the Diagonal Trendline and Bullish OB in 1-Hour TF!
I am expecting a bounce from there. In case of breakdown and retest to short $DYDX.
The local resistance level is PDL $2.74 and support level is PML $2.54.
dydx to resistance dydxusdt to control point pivot before come to resistance
Please use risk management of 1-3% of your margin, use stop loss below the swing.
DYDXusdtwith the recent on chain perp dex explosion of promised airdrops for trading volume
the og highest volume dex perp has been abit ignored..
its consolidating in the same pattern we were seeing on other coins that marked up without a dip or a retrace... aka golden entries
with the ethereum etf rumour phase officially swinging i think that onchain perps based on the eth network will see a move also, obviously gas too high on eth for the average joe but this thing is also an L1 that can trade on its own network with much lower fees
one of the most functional products out there... and the highest volume through the bear market so it should perform coming into the bull...
high revenue generating product..
DYDX clear sky breakout soon?long idea risk/reward, clear and defined resistance no support, no resistances above. could go vertical.
DYDX ready for 10x lowest risk entry is HERE!?Unbelievable accumulation zone with S/R flipping bullish...
This could go far beyond expectations...
Possible life changing opportunity on this coin.
