DYDXUSDT trade ideas
✴️ DYDX Leads Bitcoin | This Is What Follows... Think Long-TermNotice that a retrace/mini correction happened between 16-19 January, this is true for the entire market.
Now we are seeing some doubt due to 1 single day of red and the fed meeting tomorrow... But see what is happening, Litecoin hit a new high, Dogecoin hit a new high, Fantom hit a new high and this one, DYDX is also going strong and hitting high.
The entire market is one, connected, and so this reveals what will happen to the king and what is happening to the market as a whole.
The cryptocurrency market is set to continue with its current growth!
DYDX is showing really high volume.
This is one of the "strong one" because we have a higher low December compared to June, by a few cents.
The volume is super high.
The RSI is ultra-strong.
Still trading below EMA300 though...
DYDXUSDT hit its highest level since May 2022.
The long-term downtrend has been broken for a while now.
Any retraces and corrections can be used as an opportunity to buy-in, rebuy and reload.
Think long-term.
Buy and accumulate, hold!
Namaste.
DYDXUSDT | Is it time for a correction or will growth continue?Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Friends, I take another altcoin into account, I have been following this coin for a long time, but I didn’t buy it, to be honest, I didn’t expect to see such a strong growth from the old man.
A little description for those who see this project for the first time:
It is the most popular decentralized margin trading platform with a peak value of over 150.000 ETH (which was over 2019 million dollars at the time) closed on its smart contracts in November 2020. As of April 500, the platform has sold over $500 million. Now you understand where the Margin on your huge shoulders comes from :)
So, let's get closer to speculative positions, I decided to open a small short for literally 1.5% of the deposit.
Deal plan:
I will place limit orders as usual, because the withdrawal may continue.
Entrance - 2.950/3.100/3.150$
Stop set $3,450
Teiki will be updated.
The transaction is carried out with a leverage of 1X minimum risks on altcoins guys;)
DYDXUSDT Triple Bottom!What is the triple bottom?
The triple-bottom reversal pattern has three roughly equal lows and indicates an opportunity to take a bullish position. Before the triple bottom occurs, the bears are usually in control of the market, forming a prolonged downtrend. The first bottom does not indicate anything out of the ordinary. Still, the second and third bottoms show a change in direction where buyers (bulls) may push the price action higher after the price breaks through the resistance.
Dydx is currently trading at 2.89
The DYDXUSDT has broken its triple bottom resistance line after 8 months of ranging market, indicating a strong bullish sentiment. and you can see high trading volume in the daily chart, expecting a potential up move.
Thanks
Hexa
DYDXUSDT | UPDATE...Previously DYDX has given breakout by breaking above the falling wedge.
From our last analysis the price has already gain 130%.
Now currently the price has broken above an important resistance area.
The price has broken upside with a volume.
The bulls are in control.
Manage your trades accordingly.