🔥dYdX MAKE A PULLBACK: THE BEST PLACE TO OPEN A LONG!🔥 Hi friends! dYdX made +200% from the entry point at $1.01. Now, we see that trend is fading. I explain my expectation for dYdX in this idea. Read to the end!
🚩 Why do I think that pullback is possible? The main precondition is a volume growth at highs. As you can see on the chart when volume goes up at highs so the price goes down.
📊 TRADING PLAN FOR DYDX:
🔥 pullback to $2.3-2.5 value area
🔥 volume growth at the bottom confirms the presence of buyers
🔥 bullish BTC is a must-have for altcoins growth
✅ MY TARGETS FOR DYDX:
1. $3.62 - the key levels and local highs
2. $5.3 - the key level
3. $7.3 -the key level
Friends, what did you trade dYdX previously? Write in the comments! This is DEX (decentralized exchange) which will be the top gainer in case of crypto regulation.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
DYDXUSDT trade ideas
DYDX ANALYSIS (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the DYDX symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
🔥162% OF PROFIT: $1 IS A BEST PLACE TO BUY dYdX AGAIN🔥 Hi friends! dYdX give us the opportunity to make a huge profit several times. The last one was during the test of $2.7 key level as the support. The price fall for 62%. So you can make a huge money even without leverage.
The main reason for this fall was the Binance FUD and now the FTX FUD. Blockchain data shows that Alameda Research (SBF/FTX fund) swapped their altcoins for Bitcoin using mixers.
Since Alameda is a big holder of this altcoin, the risk that they will sell and push the price down persists. That is why the price is falling today.
🚩 DYDX HAVE A THIRD PLACE AT ALAMEDA PORTFOLIO
📊 TRADING PLAN FOR DYDX
Now the price almost reaches the lower boundary of the channel which is strong support for the price. Here we can open a trade with 2 targets that I point out later.
The preconditions to open long:
1. the false breakout of the channel's lower boundary
2. sl collection below the $1 key level (a lot of liquidity for the whales)
3. bullish BTC
4. volume growth at the bottom
🚩 Friends, remember that we open trade only if a false breakout happens. Let the price fall lower if it does not close inside the channel again and wait for the next opportunities.
✅ MY TARGETS FOR DYDX:
🔥$1.7 - the mid if the channel
🔥$2.7 - the top of the channel
Friends, do you believe in this decentralized exchange growth? Wrote your thought about DYDX in the comments!
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
DYDXUSDT wants a new breakout?DYDXUSDT had a breakout from a descending channel after bouncing off the 0.618 Fibonacci retracement level.
Traders who follow Plancton's Rules may be waiting for a new breakout to occur before considering a new long position in the market. A breakout from the current level could indicate a continuation of the upward trend and could provide an opportunity for traders to enter a long position.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
Playbook Entry - Wedging into linesSimilar to the post this am, this is another of my preferred setups.
The price is wedging into a visible resistance area. These will nearly 100% reverse at the point of price agreement.
I have multiple examples from today of this setup - this one is on a higher timeframe on DYDX.
Just spot the line, look for price agreement at a target on the line.
These are very reliable.
This played a 5% move @ 20x = 100% ROI so far.
🚨 DYDX will show the big movements!Short-term: the coin is moving in a local uptrend.
As long as we are above the rising trend line, we can continue to grow.
In case of a breakdown of this line, we will see a downward movement at least to the local supports of 2.8-2.6$.
Resistance is the $3.15 level
DYDXIdea: the price is trying to break through an important resistance - the upper border of the symmetrical triangle, the POC level and the trend line. A breakdown of the resistance will push the price up to the $3.25 resistance level. The price will drop to the $2.73 support level in a bullish scenario