14-07-2022 _ Short Term Bearish Idea _ DYDXUSDT H1

14-07-2022 _ Short Term Bearish Idea _ DYDXUSDT H1

That’s follow-up analysis for Short Term Bearish Idea _ DYDXUSDT originally shared on 08-07-2022.

ORIGINAL ANALYSIS

1- Multiple Bearish Divergences.
2- Volume Divergence.
3- Strong Bearish Candles.
4- BO of the most recent TL.

Targets in accordance with Fibo. Retracements @ 23.6%, 38.2% and 50%.
Target 1 @ 1.873
Target 2 @ 1.762
Target 3 @ 1.772

Protection @ 2.100

FOLLOW-UP ANALYSIS

1- Hit Stoploss @ 2.100
2- Follow the pair and you will see a new HH and Divergence between the last two swing highs which suggests a move DOWN.
3- After that, one can see a bearish trending structure and a Trendline breakout by a Bearish Break-out Candle which will be the entry point to the original analysis once more.
4- All 3 targets achieved.

Target 1 @ 1.873 ….. Achieved on 11-07-2022
Target 2 @ 1.762 ….. Achieved on 11-07-2022
Target 3 @ 1.772 ….. Achieved on 13-07-2022