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DYDX / TetherUS

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DYDXUSDT trade ideas

DYDXUSDT # 001 ( Wait for Correct Time & Price Entry $$$ ) Hello dear traders. Good days . As 2024 is Crypto party , specially Altcoines will be beneficial . DYDXUSDT passed First Gann Square Cycle and is on 2nd crazy Bullish Cycle . First leg of Elliot is finished and it is on Bearish phase . Daily Bearish Gann Square is not finished yet and need mor3 correction to get support from lower Gann Fan line ( about 2.6 $ ) for upward move . In detail chart will update . Enter at correct Time and Correct Price . Chart updated and route plotted with help of Gann Square and Gann Box. Good luck and safe trades. Thanks for your support and comments
Long
by SHAlavi
2
"DYDX/USDT Long Alert 🚀: Potential Rebound from Strong SupportLONG #DYDX/USDT "DYDX is currently trading above the long-term established support level, and there is anticipation of a significant rebound from this point." 📈Entry Point: CMP). Additionally, be prepared to add more positions if the price drops to $2.652 💹 Targets: $2.860 $2.992 $3.143 $3.627 $4.3 ⛔️ Stop Loss (SL): $2.556 to limit potential losses. 📊 Leverage: 5x to 10x R:R :- 1:6 (Lucrative) Use leverage cautiously and in accordance with your risk appetite. It's advisable to be conservative with leverage to mitigate the risk of significant losses. Remember, This is not Financial Advice!
Long
by CRYPTOMOJO_TA
3
📉 DYDX: Awaiting Shakeout for Further Ascent 🚀DYDX is currently navigating a substantial ascending wedge pattern, having recently experienced a swift breach of the upper boundary that prompted a notable short-term reaction. The current phase involves a retest of the previously contested resistance, which has now transformed into a support zone. A potential shakeout beneath the lower wedge boundary is anticipated to capture liquidity before embarking on the next leg of the upward movement. 📊 Key Observations: 📈 Ascending Wedge Dynamics: DYDX is ensconced within a large ascending wedge, presenting a structure that often precedes decisive market movements. 🔄 Retesting Transformed Support: The ongoing phase involves a retest of the support zone, formerly a resistance level breached during the recent upswing. 📈 Technical Analysis: 🔄 Shakeout Anticipation: Anticipation of a shakeout beneath the lower boundary of the wedge, designed to capture liquidity and set the stage for the next bullish phase. 🚀 Expected Shakeout Strategy: 🔍 Liquidity Capture: The shakeout aims to secure liquidity from both sides of the market, setting the groundwork for a robust and sustained upward movement. 📊 Strategic Considerations: 🧐 Vigilance during Shakeout: Traders are advised to remain vigilant during the anticipated shakeout, recognizing it as a strategic maneuver to capture liquidity before a potential surge. 📝 Conclusion: DYDX's current chart setup, characterized by an ascending wedge and a transformed support/resistance zone, points to a calculated shakeout as part of a broader market strategy. Traders should monitor this phase closely, recognizing its role in securing liquidity for the ensuing bullish momentum. 🚀 Unlock my 3 crypto trading indicators for FREE! 🚀
by AlexWhale