Long Entry at Channel Bottom for dYdX

28 Ara 2022

Greetings, Snipers!

• DYDX has dropped >95% since its peak in 2021
  
• DYDX is currently at the bottom of its channel range at $1.00-$1.20, with previous strong retracements
  
• This may draw a potential sideway channel or a triple bottom pattern
  
• The $1.00 level is expected to be a strong psychological support
  
• $2.30 - $2.70 have posed to be a strong resistance level
  

In the shorter time frame, we can trade this channel:
We can take a long-entry now, at $1.00 - $1.10, and sell at $2.30 for a Risk-Reward ratio >5 (SL at $0.84).

Please be mindful that Bitcoin is on the verge of breakout of its continuation pattern to the downside, so manage your risks well!

Happy Sniping!

27 Oca 2023

İşlem kapandı: hedefe ulaştı

Sniped!

We hit the target in less than 1 month.