DYDX - Lost Case? Time to JUMP SHIP?👎

7 May

🤔DYDX-USDT🤔

We've lost a key neckline support and until we can close ABOVE this zone again, I'd say the price is still bearish for the short term:


Against BTC, I'm a little worried - no sign of strength here as the price stayed behind with the recent BTC ATH:


To be honest, if the price drops lower than this trendline, I'll lose all hope on this coin:


Now, some may argue that this is indeed a good time to BUY - and I cannot argue with that logic. I would, however, just advise to take caution. Reconsider the fundamentals when considering DYDX as a diversified part of your portfolio considering it has not been able to come even close to previous highs - demonstrating that there is an overwhelming amount of sellers vs buyers.


_______________________
DYDXUSDT