DYDXUSDT trade ideas
DYDXUSDT | Is it time for a correction or will growth continue?Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Friends, I take another altcoin into account, I have been following this coin for a long time, but I didn’t buy it, to be honest, I didn’t expect to see such a strong growth from the old man.
A little description for those who see this project for the first time:
It is the most popular decentralized margin trading platform with a peak value of over 150.000 ETH (which was over 2019 million dollars at the time) closed on its smart contracts in November 2020. As of April 500, the platform has sold over $500 million. Now you understand where the Margin on your huge shoulders comes from :)
So, let's get closer to speculative positions, I decided to open a small short for literally 1.5% of the deposit.
Deal plan:
I will place limit orders as usual, because the withdrawal may continue.
Entrance - 2.950/3.100/3.150$
Stop set $3,450
Teiki will be updated.
The transaction is carried out with a leverage of 1X minimum risks on altcoins guys;)
DYDXUSDT Triple Bottom!What is the triple bottom?
The triple-bottom reversal pattern has three roughly equal lows and indicates an opportunity to take a bullish position. Before the triple bottom occurs, the bears are usually in control of the market, forming a prolonged downtrend. The first bottom does not indicate anything out of the ordinary. Still, the second and third bottoms show a change in direction where buyers (bulls) may push the price action higher after the price breaks through the resistance.
Dydx is currently trading at 2.89
The DYDXUSDT has broken its triple bottom resistance line after 8 months of ranging market, indicating a strong bullish sentiment. and you can see high trading volume in the daily chart, expecting a potential up move.
Thanks
Hexa
DYDXUSDT | UPDATE...Previously DYDX has given breakout by breaking above the falling wedge.
From our last analysis the price has already gain 130%.
Now currently the price has broken above an important resistance area.
The price has broken upside with a volume.
The bulls are in control.
Manage your trades accordingly.
DYDXUSDT idea✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
Long Entry at Channel Bottom for dYdXGreetings, Snipers!
DYDX has dropped >95% since its peak in 2021
DYDX is currently at the bottom of its channel range at $1.00-$1.20, with previous strong retracements
This may draw a potential sideway channel or a triple bottom pattern
The $1.00 level is expected to be a strong psychological support
$2.30 - $2.70 have posed to be a strong resistance level
In the shorter time frame, we can trade this channel:
We can take a long-entry now, at $1.00 - $1.10, and sell at $2.30 for a Risk-Reward ratio >5 (SL at $0.84).
Please be mindful that Bitcoin is on the verge of breakout of its continuation pattern to the downside, so manage your risks well!
Happy Sniping!
DYDXIdea: The price has broken the daily 200 EMA and 300 MA and is trying to break the weekly 50 EMA and a strong resistance level. The news about the transfer of the unlock affected the price increase. A correction could bring the price down to the POC level. Bullish scenario will push the price up to $3.2
$DYDX will leave you behind scratching your head.FIFTH EXAMPLE!
I wasn't going to give more examples of what Altcoins to look for, but this one is a good one and I couldn't help but share it.
$DYDX
Looking for Targets of $8 within a few weeks/months.
KEEP AN EYE ON THIS ONE!
My DCA is $1.55
I have no SL, This is SPOT!
Try and buy before the Darvas Box accumulation breaks outs.
All this depends on $BTC and the continuation of the market. but select coins (Such as this) might not even care about the Bitcoin Market once they move big.