Dymension / USDT
Long
Updated

#DYM/USDT Dymension's Falling Wedge

36
#DYM

The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.

We have a bounce from the lower boundary of the descending channel. This support is at 0.2750.
We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upside.

There is a major support area in green at 0.2800, which represents a strong basis for the upside.

Don't forget a simple thing: ease and capital.

When you reach the first target, save some money and then change your stop-loss order to an entry order.

For inquiries, please leave a comment.

We have a trend of consolidation above the 100 Moving Average.

Entry price: 0.2920
First target: 0.2958
Second target: 0.3060
Third target: 0.3155

Don't forget a simple thing: ease and capital.

When you reach the first target, save some money and then change your stop-loss order to an entry order.

For inquiries, please leave a comment.

Thank you.
Trade closed: target reached
snapshot
#DYM
First target: 0.2958 Reached
Second target: 0.3060 Reached
Third target: 0.3155 Reached

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