📈DYDX is going to retest or fall further📉
Updated
DYDXUSDT DYDXUSDT Hello traders.
- I believe in DYDX, why? Because this all-season (before or after halving) DEX (decentralized exchanges) are going to be under more attention.
- right now, there are 3 scenarios in front of the traders.
- in 1 & 2, the price can retest the 2- or 4-hour Bollinger midline and then retest the lower level of the pitchfork.
- in 3, due to the heavy sell pressure, the price can sorely decrease below the 3.498 level. In that case, the bearish target would be $3.153.
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Trade closed: target reached
Scenario1Note
If the price stabilizes below the fork, the price can drop to around $3,153.💥✌
Note
✍As we said before, the price is on a downtrend. Two pitchfork structures are ahead of the price, if the price breaks through the resistance zone, the bearish scenario is canceled and the bullish scenario is replaced. (If it happens, I'm going to update the analysis.)💥✌
Note
The specified target was achieved.✅
Next, we are now waiting for Bitcoin and the market to stabilize so that the situation calms down.
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Share the analysis & Spread the wealth✨
🖊Got Feedback? We're all ears!📚
🍀Ride this journey with us🥂
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