$DYM for Long TermCrypto apps are in dire need of ease of use and economic sustainability. Recently, rollups have shown a simple business model that works, fees minus base layer costs equals their profit. As a result, a surge of L2s were deployed each with its own custom implementation, multi-sig bridge, and security assumptions. This led to a fragmented, unsecure, and chaotic user experience diminishing the advantages of rollups and modular blockchains.
DYMUSDT trade ideas
DYM looks bearishFrom where we put the red arrow on the chart, the DYDM correction has started.
DYDM correction seems to be a diametric. We now appear to be in wave E.
We expect this pattern to continue.
Closing a daily candle above the invalidation level will violate the analysis
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
$DYM Pump IncomingASX:DYM has maintained this #accumulation zone for a while now and is getting ready for a #pump. Short term target is at $8 while long term target is between $20 and $24
Considering that we are in a #bullrun, the possibility of a #new #ATH forming is very high, and this would mean a move beyond the previous ATH of $24
Dymension: oversold and turning upGood Sunday to everyone, nice setup forming today in BINANCE:DYMUSDT , this coin came as an airdrop to ATOM and TIA stakers, and will itself generate a lot more airdrops to holders who stake coins and gradually reinvest staking proceeds. (a common meta in the Cosmos ecosystem, which brought something like 28k% APY to stakers during 2021)
Best of luck!
Cheers,
Ivan Labrie.
#DYM/USDT#DYM
The price is moving within a bearish trend channel that was broken to the upside on a 12-hour frame
We have a support area at 2.50 and we bounced from it at the lower border of the channel
We have a tendency to stabilize above the Moving Average 100
We have an upward trend on the RSI indicator that supports the rise and gives greater momentum
Entry price 2.72
First target 3.74
The second goal is 4.30
Third goal 4.92
Trade Idea for Dymension (DYM) - Accumulation Strategy Dymension (DYM) is currently trading around $3.07. The token has seen a 6.67% increase in the last 24 hours, with a market cap of approximately $448.06 million and a circulating supply of 146 million DYM tokens.
Start building a position at the current price of around $3.07. This provides a strategic entry point given the recent price appreciation and trading volume.
Plan to accumulate additional DYM tokens if the price drops to $1.60 and further to $2.20. This approach allows for averaging down the entry price and taking advantage of potential market corrections.
Set take-profit targets at $5.50, $7.00, and $8.00. These levels are based on potential resistance points and historical price movements, aiming to capture significant gains as the market appreciates.
Dymension is designed to support Layer 2 networks known as rollups, which enhance scalability and efficiency. The platform leverages the Inter-Blockchain Communication (IBC) protocol for secure communication between different chains, making it a significant player in the modular blockchain space.
The recent price increase and substantial trading volume suggest growing investor interest. Monitoring ongoing developments and updates within the Dymension ecosystem will be crucial for adjusting the investment strategy.
Accumulating DYM at strategic price points leverages market volatility and the project's innovative approach to blockchain scalability. The phased profit-taking strategy aims to optimize returns while managing risk.
This trade idea is based on current market data and Dymension’s strategic positioning as of May 2024. Cryptocurrency investments carry inherent risks, including the loss of principal. Investors should conduct their own research and consider their financial circumstances and risk appetite before engaging in cryptocurrency trading. This analysis is not financial advice.
#DYM/USDT TREAD SETUP#DYM / USDT TREAD SETUP
In the 4-hour time frame, DYM has broken out of this falling wedge pattern and is currently bouncing after retesting this pattern. we can also see bullish divergences in the RSI.
Entry: Current Market Price (CMP) and add more up to $3.22
Target: According to the pattern, we can expect up to a 70% to 100% bounce in the price.
SL- $2.9
Remember to do your own research.
NFA
#Crypto
#DYMUSDT T:F - 1H🚨IMPORTANT PRICE UPDATE ✅
#DYMUSDT T:F - 1H
#DYMUSDT currently trading at $3.540 and a BULLISH PENNANT PATTERN has been spotted.
A BULLISH PENNANT is a bullish continuation pattern that signals the extension of the UPTREND.
NFA
DYOR(Do Your Own Research)
Hit 🚀 if you guys want more Crypto PATTERN updates !
#DYMUSDT #crypto #Patterns #thesoumyoroyanalysis
DYM - potential accumulation structure?
Dymension chart show me market strength. Trading range was established near highs - low retracement level. Market structure shows low bearish activity. It is posible that acumulation is in the process. I expects possible supply tests at higher price levels to confirm lack of supply.
DYMUSDT.PHello Trader BINANCE:DYMUSDT.P
ABCDE area for falling wedge pattern confirms to be bullish. can take entry in small demand area.
take profit 18%
stop loss 3%
Please add a comment and Positive feedback and constructive criticism are important to authors and the community.
Disclamer: Not Financial Advice