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Dydxlong

DYDXUSDT , We should buy buy buy because ...Hello everybody Are you ready to start this amazing week for trading ?? In here we have new token of exchange DYDX We analysis in technical and fundamental view and i will explain it for you traders to understand why we should buy it In technical view : After the token was came to market for trading we had upward rally and the price is going up to 28$ , we need some rest and pullback for the price to buy , we shown on chart that the red zone is the zone we should buy and HODL DYDX The other reason from the technical view is we have downward trendline and the price is compressing and after compressing its ready to jump to the targets that we shown and will shown on chart In fundamental view : DYDX exchange is the first DEFI exchange in USA wanna make futures trading and its so attractive for the traders for trading in future market in DEFI area And ... If you have any question about the market or any thing you can just send us a mesaage Be with us and sleep comfortably Good Luck Abtin
Long
by Abtin00
2
10/14/21 DYDX LongStarting a longer term position in DYDX (one of the most liquid, leading decentralized exchanges) Traded up on the news that Binance was banning/placing more restrictions on China , makes me think that users will move to other platforms, trading on a decentralized exchange is probably going to be a good option in the future when more restrictions/regulation happens. Although that move got faded, it's still trading in a nice price range right now between 25.057 resistance and 22.216 support. The DYDX decentralized exchange platform is built on Layer 2 ZK-Rollup technology based on the Ethereum blockchain , which give it the security of Ethereum smart contracts combined with no gas fees for users while trading their cross-margined Crypto Perpetual Futures Contracts. Great that this can solve many of the problems for users in crypto restricted regions by moving their trading volume to a DEX that has good security and privacy. Standard Spot and Margin crypto markets are also still accessible on their L1 ETH based protocol. Backed by global institutional investors such as venture capitalist Paradigm among other angel investors and leading funds. I see that it has good room for growth in the future not only based on their fundamentals, but also that the technical setup of their chart also looks great, which makes me very interested in a larger long term position. Sample Trade Plan: 1- 3 Month Target: @ 30.047 (+35% profit from 22.216 starter) Resistance: @ 25.057 (+13% profit from 22.216 starter) Support: @ 22.216 (starter on position with room to add up to 21.092 support below) Bottom Range Support: @ 21.092 (-4.6% drawdown from 22.216) If trading on short term leverage up to 25.057 resistance, will have more than made back the capital spent, and can switch to spot/lower leverage to hold position long term comfortably above that 30 target. Short term profits funding long term position. TL;DR Basically cool project + Technicals look good + Scalable L2 will be compatible with new crypto innovations in the future -> Interest me in taking a long term position along with ETH for some diversity in DeFi exchanges DYDX Long Trade Idea on Daily Chart
Long
by machdragon
2