Dydx
DYDX STRONG LONG OPPORTUNITY Hello,
Stopped out of my trades lately but as a trader we need to find new setups and not to be worried about stops because trading is all about find the right setups.
I'm sharing DYDX a new coin but lovely setup showing strength HOLDING OB.
Let's see how it plays out.
I'm risking 1% here.
DYDX $25 Near Term, $100 LongDYDX is forming a nice wedge, bouncing off of higher lows. Fundamentally speaking, this project is strong with trading volume and liquidity knipping at the heels of centralized exchanges. DYDX could be the most asymetric play in crypto given the macro factors at play like increasing regulation and limited options for leverage. Even with BTC dumping DYDX has recovered strong each time. Compared to trading on uniswap on ETH mainnet, fees are a joke for trades once you bridge over to Starkware L2. LONG DYDX.
DYDX chartIf dydx can hold 12.500 and 12 then we will se one bounce if you want to do long i prefer you to don't long now....if you want to buy in spot then you can buy some coins here... And second buy zone is 9.800 to 9.100 this is very important support you can buy some coins here for long term... Don't forget to do your own research...
Wave of insolvency coming. Crypto FTW! New gem:DYDXFollowing our introduction of crypto pairs, we have a new gem for you guys this week. DYDX is a decentralised leverage crypto trading platform, price dumped back to it's launch price after a quick 60% gain and within the same week, it's now trading at all time highs. The road for risk on assets looks choppy for the months to come but we're extremely bullish on this and the entire crypto space as the old world of finance of accounting falls apart starting from the middle kingdom.
BULL CASE
Price is consolidating here and we may see a price hold these levels before going up. We are targeting at least $40 to sell some off into other assets
BEAR CASE
If the price actions follows that of GRT in Q4 2020, we should see alts dump and BTC pump. The pump to $40 will then have to come in Q1 2022.
DYDX, A fundamental projectDYDX is a DEX, but a layer2 DEX with the facilities of centralized exchanges.
You can to buy for hold and here we have a buy opportunity with almost 3 Risk to reward. Safe entry after breaking trigger line.
Just please consider the bitcoin effect.
I hope you take this opportunity.
DYDXSo I’m always fake flexing huh? I just got one question for all my haters out there. Where am I and where are you? I’m out on rodeo drive shopping for a rolls Royce in my $600 beanie , $500 belt, $200 Nike air maxs. And don’t let me remind y’all about my 14 bank accounts . Again where am I . And where are you?
Welcome The Newcomer To Kucoin! $DYDX That 1st day was uhhh... nevermind that we are here now so let's make something of it. So we retested the opening price and I'm looking for a second retest before I commit to any long positions. If it doesn't retest for a second time I'd say look to go long between $10.45-$10.60. Wait for breakout confirmation and retest of the 20 EMA before entering.